[ANN] ColossusXT (COLX) Private| Sustainable| Grid Computing - Mandatory Update

[xquad]

Hello, at 16th 10% of my COLX was converted to zCOLX. My question is how to convert them back to COLX? My balance is less about 90k and I would like to convert them back to stake.

Hi mate,

Please refer to this guide, it includes the answers to your possible questions:
https://wiki.colossusxt.io/index.php?solution_id=1034

Have a good day!

[klimauk]

Hi mate,

Please refer to this guide, it includes the answers to your possible questions:
https://wiki.colossusxt.io/index.php?solution_id=1034

Have a good day!

Thank you xquad! Have a good day!

[klimauk]

Please refer to this guide, it includes the answers to your possible questions:
https://wiki.colossusxt.io/index.php?solution_id=1034

Have a good day!

Hello, I found your tutorial as very useful however I have another question.
I converted 10k of COLX to local wallet (as your tutorial says) but this 10k now is on different address/wallet.
Now I'm not sure if COLX wallet is able to STAKE from combined balance. My main wallet is still less about 90k, on another address I have 10k.
Please let me know if it is ok, before I will convert the rest of my zCOLX amount.
Thank you.

[xquad]

Please refer to this guide, it includes the answers to your possible questions:
https://wiki.colossusxt.io/index.php?solution_id=1034

Have a good day!

Hello, I found your tutorial as very useful however I have another question.
I converted 10k of COLX to local wallet (as your tutorial says) but this 10k now is on different address/wallet.
Now I'm not sure if COLX wallet is able to STAKE from combined balance. My main wallet is still less about 90k, on another address I have 10k.
Please let me know if it is ok, before I will convert the rest of my zCOLX amount.
Thank you.

Basic example I prepared to show having different inputs would not change the rewards received when combined:


However, you can easily send them to your main address if you want them in single input.
To do that, Enable "Coin Control" under Settings > Options > "Wallet" tab if it's not enabled already.
After this, go to "Send" tab and click "Open Coin Control" button, select your new wallet address only (by clicking the box selections on the left side), click "OK".
Below that screen select "Custom" and then select "Send as zero fee transaction if possible" and then send.

[Panzers]

Quick update for the week;

https://twitter.com/ColossusCoinXT/status/1042109612474945536

[klimauk]

Basic example I prepared to show having different inputs would not change the rewards received when combined:

....

It easier to keep all the coins in 1 address to control it with prv key, instead of wallet.dat - this is why I prefer to use one address.

Thank you!

[wondermine]

are the mining practices of this coin sustalinable some how? why is it called sustainable

[xquad]

are the mining practices of this coin sustalinable some how? why is it called sustainable

Because it’s a PoS coin, mining not applied and therefore less energy consumption.

[killerjoegreece]

Hi guys

how can i tell what my weight is? and how long aprox till i stake? coin control matters and where to split at? thanks

[xquad]

Hi guys

how can i tell what my weight is? and how long aprox till i stake? coin control matters and where to split at? thanks

You can check the estimated reward frequency here:
https://calculator.colossusxt.io/
Staking reward is 480 colx.

Different inputs don’t effect the overall reward you will receive. Check a little bit above my example where I explained big stack, small stack and combined stack

[JanpriX]

Hi guys

how can i tell what my weight is? and how long aprox till i stake? coin control matters and where to split at? thanks

As per xquad's findings and examples, it doesn't matter whether you divide your stacks into smallers ones or whether you put it one big chunk of input. The ROI still kicks in accordingly. And also, based on the rewards that I received, I actually have a better chance of receiving them more frequently when I'm combining them in one big stack. So my advice is for you to do the same approach that I did.

Good luck on your staking journey with COLX. And please, don't sell right away all your rewards. Let it stack and earn more reward by compounding. 

[klimauk]

What is the reason to increase stake from 324 to 480? Can't find the answer.

[TropicalDog]

What is the reason to increase stake from 324 to 480? Can't find the answer.

What did you mean on Staking rewards of the coin?
Is it scheduled rising staking rewards?

[xquad]

What is the reason to increase stake from 324 to 480? Can't find the answer.

Sea saw mechanism is disabled by block 500.000 to make rewarding more balanced (sea saw mechanics was allowing system to update rewards based on masternode count; higher masternode count, lower masternode reward&higher staking reward and vice versa)
Block reward of 1200colx will be split 60% to masternodes, 40% to stakers from this point onwards.
It was mentioned in the Github 1.1.0 release notes

[identifyuser]

Nothing special, words, words and only words. Noone is trying to explain why this project is a little bit better, than any other. I am unable to find the answer too.

[xquad]

Nothing special, words, words and only words. Noone is trying to explain why this project is a little bit better, than any other. I am unable to find the answer too.

Hard to understand why you can’t find info to be honest, everything is well documented in the Colx website from whitepaper to mission statement and all: https://colossusxt.io
Join the conversation in discord to understand it more if you like: https://discord.colossusxt.io

ColossusXT is an anonymous blockchain through obfuscation and recently implemented Zerocoin Protocol, along with utilization of I2P. These features will protect end user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.

[oup59]

so I was not following the forum for a while and just update my wallet. I noticed some of my Colx have been minted into  zCOLX and there is a setting for auto mint?

What is this?  Wallet shows a COLX and zCOLX balance along with a sum.

Should I mint zColx or just keep Colx?

[xquad]

so I was not following the forum for a while and just update my wallet. I noticed some of my Colx have been minted into  zCOLX and there is a setting for auto mint?

What is this?  Wallet shows a COLX and zCOLX balance along with a sum.

Should I mint zColx or just keep Colx?

Please refer to this for your question:
https://wiki.colossusxt.io/index.php?solution_id=1034

Further read on zerocoin integration (what is zcolx etc):
https://medium.com/@colossusxt/intro-82bd17738e92
and here:
https://medium.com/@colossusxt/intro-fcfdd2c89b05?source=user_profile---------3------------------

Join discord support channels if you like in case you have further questions:
https://discord.colossusxt.io

[oup59]

so I was not following the forum for a while and just update my wallet. I noticed some of my Colx have been minted into  zCOLX and there is a setting for auto mint?

What is this?  Wallet shows a COLX and zCOLX balance along with a sum.

Should I mint zColx or just keep Colx?

Please refer to this for your question:
https://wiki.colossusxt.io/index.php?solution_id=1034

Further read on zerocoin integration (what is zcolx etc):
https://medium.com/@colossusxt/intro-82bd17738e92
and here:
https://medium.com/@colossusxt/intro-fcfdd2c89b05?source=user_profile---------3------------------

Join discord support channels if you like in case you have further questions:
https://discord.colossusxt.io

Thanks for the links. I will look into them.

[Panzers]

The first COLX crypto anniversary is tomorrow September 24th.  To celebrate and show our appreciation we will disperse over 100k colx as part of an airdrop in our Discord throughout the day.

Thank you for believing in our project.

-COLX Team

https://twitter.com/ColossusCoinXT/status/1043937325242372097