[EDU] EDUCOIN - Learning is Earning

[bvault]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

[divedaucd]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

rate 5000:1, please read the first page, full information you need there.

[TronQuix]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

rate 5000:1, please read the first page, full information you need there.

And proportional distribution absolutely fair for all.

Yes all of this is explained in depth in the WP however in short I can expand here. The NEW coin supply is 55 million. There is a 5000:1 swap for OLD edu to NEW edu and of the 50M we have reserved 25M for that swap.

Un-swapped coins from that 25m will be redistributed to new users/used for bounties/airdrops etc.

[sp00lin9]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

Yes, 25 million is correct. We've made the first block worth 25 Million to reduce the old EduCoin v1 supply at about a 5000:1 ratio.

The address with the 25 million coins currently has 3 outbound transactions.

1. We sent 10 as a test to the swap server to verify again everything is working as designed.

2. We sent 10%, 2.5 million to the swap server to begin the swap.

3. We sent a second transaction of 10%, 2.5 million to the swap server when roughly 400k coins we're left from the 1st transaction of 2.5 million.

The rest of the coins are currently in cold storage.

There's roughly 2.8 million left on the server to be swapped.

I will post the address of the coins when I get back to my work station.

[bvault]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

Yes, 25 million is correct. We've made the first block worth 25 Million to reduce the old EduCoin v1 supply at about a 5000:1 ratio.

The address with the 25 million coins currently has 3 outbound transactions.

1. We sent 10 as a test to the swap server to verify again everything is working as designed.

2. We sent 10%, 2.5 million to the swap server to begin the swap.

3. We sent a second transaction of 10%, 2.5 million to the swap server when roughly 400k coins we're left from the 1st transaction of 2.5 million.

The rest of the coins are currently in cold storage.

There's roughly 2.8 million left on the server to be swapped.

I will post the address of the coins when I get back to my work station.

Awesome. I hope I can sync old before deadline. Anyone has bootstrap chain?

[temaga]

Will the complexity increase?

[freedom_io]

Will the complexity increase?

If there is a pool, the complexity should increase. I am very glad that I can now mine with low complexity, this is an fair start(or continue).  

[thehihoguy]

Will the complexity increase?

If there is a pool, the complexity should increase. I am very glad that I can now mine with low complexity, this is an fair start(or continue).  

does any of the previously posted pools work for educoin? didnt see the coin mentioned on the pool websites itself

[freedom_io]

Will the complexity increase?

If there is a pool, the complexity should increase. I am very glad that I can now mine with low complexity, this is an fair start(or continue).  

does any of the previously posted pools work for educoin? didnt see the coin mentioned on the pool websites itself

Now mining is possible only solo. As far as I know, there are no pools yet.

[TronQuix]

Anyone know what the swap ration is?

My math tells me it should be (OLD COINS * 0.000247525) Given the following:

OLD coin supply = 101 billion
NEW coin supply  = 25 million

Can new devs confirm?

Yes, 25 million is correct. We've made the first block worth 25 Million to reduce the old EduCoin v1 supply at about a 5000:1 ratio.

The address with the 25 million coins currently has 3 outbound transactions.

1. We sent 10 as a test to the swap server to verify again everything is working as designed.

2. We sent 10%, 2.5 million to the swap server to begin the swap.

3. We sent a second transaction of 10%, 2.5 million to the swap server when roughly 400k coins we're left from the 1st transaction of 2.5 million.

The rest of the coins are currently in cold storage.

There's roughly 2.8 million left on the server to be swapped.

I will post the address of the coins when I get back to my work station.

Awesome. I hope I can sync old before deadline. Anyone has bootstrap chain?

The old wallet shouldnt take TOO long to sync. Bootstrap chain is a good Idea, I will speak to the team and see if we can implement something like that.

[TronQuix]

Will the complexity increase?

If there is a pool, the complexity should increase. I am very glad that I can now mine with low complexity, this is an fair start(or continue).  

does any of the previously posted pools work for educoin? didnt see the coin mentioned on the pool websites itself

Now mining is possible only solo. As far as I know, there are no pools yet.

At this point the pools are not up. We are working with a few pool managers as well as our own dev team to implement a pool.

I encourage all of you to join our slack for much faster/recent information regarding all of this!! https://join.slack.com/t/educoins/shared_invite/enQtMjM1NTUyMDUwMTc4LTdjN2E3YmQ1MDU4NDg4Y2JjMGUzODlkMjNlOGI3YmM1NjQ0MTFkNzFiZThmNjhiMGIwNWU4OWFmYzUwOTUxZTI

[freedom_io]

Trade is too early. May have information on the pools?

[TronQuix]

Hi,whats news about exchanges?We need this.Whats your plan for listing?

We currently have voting up on ccex which is an ongoing entry until we get listed. We also have been speaking with a few other smaller exchanges on how we can get listed.

Trade is too early. May have information on the pools?

Pools are still being built. We are running into an error which we believe is preventing the pools from finding the blocks. Solomining works fine. We will keep you all updated as progress is made with that.

[freedom_io]

Hi,whats news about exchanges?We need this.Whats your plan for listing?

We currently have voting up on ccex which is an ongoing entry until we get listed. We also have been speaking with a few other smaller exchanges on how we can get listed.

Trade is too early. May have information on the pools?

Pools are still being built. We are running into an error which we believe is preventing the pools from finding the blocks. Solomining works fine. We will keep you all updated as progress is made with that.

Nice info, thanks and good luck fixing the bug.
Solomine and pos is fine.

[temaga]

Is there a solution with blocks that have 1 confirmation? Solo mining

[divedaucd]

Is there a solution with blocks that have 1 confirmation? Solo mining

No, i also have some per day, restart wallet it will disappear but balance still deducted. 

[temaga]

Is there a solution with blocks that have 1 confirmation? Solo mining

No, i also have some per day, restart wallet it will disappear but balance still deducted. 

Same problem.

[envist]

Is there a solution with blocks that have 1 confirmation? Solo mining

No, i also have some per day, restart wallet it will disappear but balance still deducted. 

Same problem.

I think it is orphan blocks. Someone else finds the block at the same time as you and it is confirmed by their miner slightly faster than yours causing the block you found be orphaned.

[TronQuix]

Is there a solution with blocks that have 1 confirmation? Solo mining

No, i also have some per day, restart wallet it will disappear but balance still deducted. 

Same problem.

I think it is orphan blocks. Someone else finds the block at the same time as you and it is confirmed by their miner slightly faster than yours causing the block you found be orphaned.

Thank for the clarification Envist This is a common issue with solo mining. If someone is mining at a higher hashrate and confirms it just before you did it will end up going to them instead of you.

[envist]

You're welcome!