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Author Topic: NEO vs GAS?  (Read 27072 times)
Skrodk
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August 09, 2017, 07:54:21 PM
 #1

So when I have my NEO in the wallet, how often do I have to claim the GAS? Can you let it build up over time, then just send it once every 7 days or so, or do I have to sit there and claim it all the time, or it will "be lost" or some such?

I know its a stupid question but I gotta be sure! Thanks in advance Smiley
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JasonK94Z
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August 09, 2017, 08:45:04 PM
 #2

Damn. I must be living under a rock. I bought some NEO on Bittrex a couple of days ago. I kept it on Bittrex too. What's this GAS claim?  Being a noob sucks.
sushimon
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August 09, 2017, 09:04:57 PM
 #3

Warning: Bittrex does not give NEO owners GAS, they actually are keeping all gas to themselves.

For that sole reason I recommend anyone dont invest in GAS at all, since Bittrex is probably sitting on a very large ammount of them that they can dump anytime.

Binance is alternative exchange that gives the generated GAS to NEO owners, however the best way is obviously having the NEO in wallet owned by yourself Smiley
CryptoAnimal
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August 09, 2017, 09:08:20 PM
 #4

Indeed, they are related. However, it is not traded on Bittrex.

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Justaguy2
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August 09, 2017, 09:11:36 PM
 #5

Ok i hold some neo, in a wallet but i read that it only generates GAS for 7 years and only the first year the most. It would decline over time and when the blockdifficulty gets harder it will eventually take 30 years to generate gas. Can someone tell me why the hell i would keep this NEO?

Allso, if i would sell the neo to another person would he then receive gas again like it was new?

I too find all this pretty hard to understand.

Edit: i was just about to make another thread and i figured i just ask it here as i recon it fits this thread.
AdamKapusta
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August 09, 2017, 09:13:34 PM
 #6

Damn. I must be living under a rock. I bought some NEO on Bittrex a couple of days ago. I kept it on Bittrex too. What's this GAS claim?  Being a noob sucks.

"loyalty bonus" .. when you have your NEO in wallet, you earn GAS.
I bought NEO 5days ago, sent them immediately to wallet, now I have 0,23 GAS
Justaguy2
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August 09, 2017, 09:31:08 PM
 #7

But eventually it will not generate gas anymor right? And the way i read it somewhere on steem it will run out pretty quick. I thought this would be a nice yearly income but apparently its not like that.
JasonK94Z
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August 09, 2017, 09:46:40 PM
 #8

Thanks everyone for explaining. I just transferred my NEO off Bittrex and put it in a Neon wallet. It will give me gas now  Grin
Asimov
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August 09, 2017, 09:58:59 PM
 #9

I bought some neo 2 weeks ago and yeah storing it in your wallet gets you free gas.I would rather buy more neo then gas
NewbCoins
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August 09, 2017, 10:01:41 PM
 #10

the price move is not natural. something happen to gas. its crazy today
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August 09, 2017, 10:29:32 PM
 #11

Warning: Bittrex does not give NEO owners GAS, they actually are keeping all gas to themselves.

For that sole reason I recommend anyone dont invest in GAS at all, since Bittrex is probably sitting on a very large ammount of them that they can dump anytime.

Binance is alternative exchange that gives the generated GAS to NEO owners, however the best way is obviously having the NEO in wallet owned by yourself Smiley
That means bittrex claimed million dollars from all of the NEO that already traded on the exchange site.  Roll Eyes Bill must say thanks to the NEO holders in bittrex.
Look at this chart. https://coinmarketcap.com/assets/gas/
https://steemit.com/neo/@basiccrypto/how-to-claim-your-neogas-using-the-antshares-neo-pc-wallet

Just easy step to claim your gas through NEO wallet.  Roll Eyes


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Filmmmakerr
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August 09, 2017, 10:30:12 PM
 #12

How much GAS you guys getting for an estimated amount of NEOS?

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Bitgenius777
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August 09, 2017, 10:30:58 PM
 #13


NEO is gassy.

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NewbCoins
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August 09, 2017, 10:42:55 PM
 #14

so what happen with gas on binance today? its not normal even for crypto
Skrodk
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August 09, 2017, 11:10:48 PM
 #15

So y'all managed to not answer my question:

Do I have to claim the GAS at a specific time, or can I just claim it from the NEON wallet once in a while and it's fine?
acpr23
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August 09, 2017, 11:22:16 PM
 #16

sorry for a noob question, but i just recently seen in coinmarketcap this "gas" thing with the same logo as neo, is gas just like bcc that you can obtain if you have neo? thankyou to whom will clarify.


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itsonlikedonkeykong
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August 09, 2017, 11:33:33 PM
 #17

GAS is looking incredible today!

When was it single digits?

What is causing this large rise in price?
Filmmmakerr
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August 10, 2017, 12:09:01 AM
 #18

GAS is looking incredible today!

When was it single digits?

What is causing this large rise in price?


NEO team is traveling promoting NEO right now. Its all pumped, once they get back to the states they'll be a drop.

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billoggates
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August 10, 2017, 12:53:04 AM
 #19

Thanks everyone for explaining. I just transferred my NEO off Bittrex and put it in a Neon wallet. It will give me gas now  Grin

Yay me too! Thank you for explaining prolly saved me some good money in the long run friends. Cheers!
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August 10, 2017, 01:41:30 AM
 #20

Wow, this is really an eye opener. Seems like we all holding NEO were unware of Gas Claim via Wallet. I though GAS is just sold on Exchange which will be used to power future NEO transactions.

I would say keep holding the GAS until you know entire picture. Also doesn anybody know whats the GAS claim rate/amount ?

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