[ANN] Credits(CRDS): CPU-only mining | Argon2d PoW - Masternodes

[mrankin]

How about listing on a new exchange ? It is becoming worthless. Please do something devs.

dev team only need to develop this coin, so all roadmap will be complete on shcedule
anyway new exchange to increase the daily trade volume is good,
and i hope this coin will be added to coinmarketcap soon

Work on v1.2.0 is pretty much complete, just finalising testing and then building the wallets. Daily trade volume is what's keeping us from CMC, they now want $100,000 USD per day trade volume to be listed. Glad that Coinlib.io has far better information, hoping that the crypto world moves on from CMC over time.

https://coinlib.io/coin/CRDS/Credits has all the information that we need.

[sylph93]

How about listing on a new exchange ? It is becoming worthless. Please do something devs.

dev team only need to develop this coin, so all roadmap will be complete on shcedule
anyway new exchange to increase the daily trade volume is good,
and i hope this coin will be added to coinmarketcap soon

Work on v1.2.0 is pretty much complete, just finalising testing and then building the wallets. Daily trade volume is what's keeping us from CMC, they now want $100,000 USD per day trade volume to be listed. Glad that Coinlib.io has far better information, hoping that the crypto world moves on from CMC over time.

https://coinlib.io/coin/CRDS/Credits has all the information that we need.

There is wrong scam alert news concerning Credits token(CS) on CRDS Coinlib page. Please contact coinlib to get rid of wrong thread.
People who first visit CRDS Coinlib page are likely to believe CRDS as SCAM due to that this thread.

'BEWARE! Heavily shilled new coin Credits (CS) is a scam!'

[EmoHP]

Not going to bother quoting you and give you more airtime, glad you've chosen to move on, and probably a good move since we weren't able to fulfill your expectations in the 1-2 weeks that you gave us. Credits was launched in July of 2017 and has been through quite a bit since then and now has a much larger and stronger community as a result.

Price is currently depressed along with most other altcoins. We also haven't had any new announcements fro a while since we've been focusing on getting the next version ready for release. Once this is done we will focus once again on marketing and future opportunities for Credits.

I do however agree that the price of any cryptocurrency is pure speculation.

Do not get me wrong. I like the project. But since the end of January it was 3$ per 10 credits - as it was fixed in the official website. Since then we have an exchange. And we were watching "the free falling". It's normal. But we've already reached the point below electricity costs.
There are many factors for this price depression. But 1 thing has never changed. The negative trend of an overestimated value. Like other CPU mining altcoins with minimum market share, this project is just a temporary field for CPU mining power. Till now it hasn't shown any potential to be a global project and usable currency. Of course being so small is the key that CRDS mining was so profitable. I want to thank you for all that! I believe you're far from any scam, or if the project is a scam, it's one of the least arrogant. Most projects' devs are "hungry for money"! This project is something different and still not good enough to make it.
I believe in decentralization. Which is CPU mining. So it's the future of all cryptos. This year and next I think we'll see the end of most altcoins. Some may survive. They'll be big. Highly used. Decentralized. Secure. Tested. Almost no profitable for mining. Small altcoins will just not make it. I would like it to be different, but that's the way it works.

Ok, I think I was right. We're at the final texts. I see massive sale on CRDS, where the amounts are not rounded. This means everybody tries to get rid of his credits. Unfortunately my mining is stopped at all. No good coins at the moment. CRDS was the best for the last 2 months.
While this is the beginning of the end of CRDS, now what follows is reduced difficulty. But with reduced turnover if it's profitable to mine at the moment (current price), it won't be to sale after 1 or 2 weeks. In near future it's possible to see no buy orders. Still I suspect this buy orders with too, too low price and high amounts are placed by the creators for a try to save the coin and the trust. Generally we'll see. But investing in any way at the moment is highly risky. But let's put it - "High risk - high reward, low risk - low reward".

[erdnapa]

Ok, I think I was right. We're at the final texts. I see massive sale on CRDS, [...]

Where do you see that? Volume is rather light imho (max 3x daily new coins; average much, much lower), or am I misreading the charts?
To me it looks like people hold on to their CRDS.

[NotEnough]

Ok, I think I was right. We're at the final texts. I see massive sale on CRDS, where the amounts are not rounded. This means everybody tries to get rid of his credits. Unfortunately my mining is stopped at all. No good coins at the moment. CRDS was the best for the last 2 months.
While this is the beginning of the end of CRDS, now what follows is reduced difficulty. But with reduced turnover if it's profitable to mine at the moment (current price), it won't be to sale after 1 or 2 weeks. In near future it's possible to see no buy orders. Still I suspect this buy orders with too, too low price and high amounts are placed by the creators for a try to save the coin and the trust. Generally we'll see. But investing in any way at the moment is highly risky. But let's put it - "High risk - high reward, low risk - low reward".

We understood what you meant to say. Why repeat?

[mrankin]

Here is the finalised rewards structure moving forwards for Credits, starting with v1.2.0.

[erdnapa]

Here is the finalised rewards structure moving forwards for Credits, starting with v1.2.0.

One question: Is there still a cap on the number of coins (as in the original plan), or is there an unlimited supply now?

[mrankin]

Here is the finalised rewards structure moving forwards for Credits, starting with v1.2.0.

One question: Is there still a cap on the number of coins (as in the original plan), or is there an unlimited supply now?

For now there is an unlimited supply. Obviously we have years to decide on this but for now we have configured the code such that the chain will continue to issue blocks of 4 CRDS per block forever (2 Pow, 2 MN).

[sud]

Guys, why am I getting 11 CRDS rewards if I only mine and the table shows 10 for PoW / 1 for MN?

[crecre]

Guys, why am I getting 11 CRDS rewards if I only mine and the table shows 10 for PoW / 1 for MN?

iirc its a bug, to be fixed in the next release. Enjoy your free credit 

[JuanPabloCuervo]

Movies where a form of futuristic Coin "Credits" is mentioned:

Altered Carbon (2018) http://www.imdb.com/title/tt2261227/  "Paper Wallet"
Battlefield Earth (2000) http://www.imdb.com/title/tt0185183/
Dredd (2012) http://www.imdb.com/title/tt1343727/
Demolition Man (1993) http://www.imdb.com/title/tt0106697/ ... http://tvtropes.org/pmwiki/pmwiki.php/Film/DemolitionMan
Total Recall (1990) "Paper Wallet" http://www.imdb.com/title/tt0100802/

http://tvtropes.org/pmwiki/pmwiki.php/Main/WeWillSpendCreditsInTheFuture
"the earliest known use of the term "credit" in this sense is to be found in John W. Campbell's story "The Mightiest Machine" from 1934."
http://www.technovelgy.com/ct/content.asp?Bnum=2137


in Spaceballs, where the currency is always referred to as "space bucks."
The universally accepted currency in Guardians of the Galaxy is "Units"
https://en.wikipedia.org/wiki/List_of_fictional_currencies

----------------
CRDS Wallet should have a Private / Secure built-in Paper Wallet Generator like:
https://walletgenerator.net
https://bitcoinwalletpaper.com
https://downloads.electroneum.com/offline_paper_electroneum_walletV1.5.html "Offline"
https://vergecurrency.com/paper-wallet/# "Offline"
-----------------

[StallionMosquito]

Well i missed this coin ICO and this was my biggest life mistake. I was looking for the mining the coin from CPU but missed this one because of some problems also i missed the bounty of this coin as well. some persons have earned much from credits and their life is totally changes now. I think that according to road map if this will be listed to any good exchange then price may be fly to moon as well.

[JuanPabloCuervo]

another interesting project, when CRDS becomes more popular,
is to make a CRDS Proxy, it will be required when difficulty increases &/or when more than 50 CPU´s are used with a single IP.
to avoid duplicate results, "lost time & energy."

something like:
https://github.com/Snipa22/xmr-node-proxy
https://www.cryptocurrencyfreak.com/2017/09/30/setup-xmr-node-proxy-ubuntu-16-04/
https://github.com/Atrides/xmr-proxy
https://monero.stackexchange.com/questions/7646/what-does-the-mining-proxy-do

[jonilvl39]

Hey, looks like coinsmarket opened CRDS withdrawal!

Lemanum,GoaCoin,Nanucoin,MoneyBag,OCOW,Xylo,CRDS,Onex are enabled for withdraw , More coins will follow

[mrankin]

Credits explorer is down due to an issue with syncing. I have an open issue with Iquidus - https://github.com/iquidus/explorer/issues/164

[Omi1knbe]

Hi, How do i know if wallet is mining ive followed instructions to activate and turned on automine on start

but haven't received anything all day. i understand it could take longer but i cant actually see anything that indicate the process is happening at all?

sorry question is a bit basic, however any help or support would be very much appreciated.

Thanks

[mrankin]

Hi, How do i know if wallet is mining ive followed instructions to activate and turned on automine on start

but haven't received anything all day. i understand it could take longer but i cant actually see anything that indicate the process is happening at all?

sorry question is a bit basic, however any help or support would be very much appreciated.

Thanks

From the debug console, type 'getmininginfo' and it'll tell you what it's doing.

[sud]

Hi, How do i know if wallet is mining ive followed instructions to activate and turned on automine on start

but haven't received anything all day. i understand it could take longer but i cant actually see anything that indicate the process is happening at all?

sorry question is a bit basic, however any help or support would be very much appreciated.

Thanks

What CPU are you mining with? It actually can take several days to hit as block solo mining. But as mrankin already posted, use getmininginfo command to see your hashrate.

[EmoHP]

Hi, How do i know if wallet is mining ive followed instructions to activate and turned on automine on start

but haven't received anything all day. i understand it could take longer but i cant actually see anything that indicate the process is happening at all?

sorry question is a bit basic, however any help or support would be very much appreciated.

Thanks

What CPU are you mining with? It actually can take several days to hit as block solo mining. But as mrankin already posted, use getmininginfo command to see your hashrate.

At current price 1 block is less than 0.3$. For several days! 100 watts per day is about 0.3$
I mined with 270-280 Watts per Server (including cooling) with hashrate about 40 000. 1-2 blocks per server per day.
CryptoBridge still shows some movements. Most probably direct selling to buy orders. Of course buyer and seller can be the same person with different registrations.
Over 90% of my servers are turned off due to no profitable CPU mineable currency at the moment. For me profitable means any currency with > 1.5xCosts.

[NetZero]

Hi, How do i know if wallet is mining ive followed instructions to activate and turned on automine on start

but haven't received anything all day. i understand it could take longer but i cant actually see anything that indicate the process is happening at all?

sorry question is a bit basic, however any help or support would be very much appreciated.

Thanks

What CPU are you mining with? It actually can take several days to hit as block solo mining. But as mrankin already posted, use getmininginfo command to see your hashrate.

At current price 1 block is less than 0.3$. For several days! 100 watts per day is about 0.3$
I mined with 270-280 Watts per Server (including cooling) with hashrate about 40 000. 1-2 blocks per server per day.
CryptoBridge still shows some movements. Most probably direct selling to buy orders. Of course buyer and seller can be the same person with different registrations.
Over 90% of my servers are turned off due to no profitable CPU mineable currency at the moment. For me profitable means any currency with > 1.5xCosts.

If your servers are off and not doing anything else you should sell them and consolidate the money for a more powerful server that is more energy efficient.  Even
with the price dip my rig is still profitable.  Though I'm not mining CPU coins for quick turn around.