[ANN] [KMC] Kripto Marka Coin

[algiz]

Please, help. By stupidity called the wallet (wallet.bin.wallet). Now
when I want to open the purse writes- Error: failed to load wallet: can not load wallet file 'wallet.bin.wallet', check password, failed to initialize wallet. What now?

Just rename the file , it is located in C:\Program Files (x86)\KMC\KMC

Did not help. Also writes Error: wallet failed to connect to daemon (http: // localhost: 16606)

You need to have kmcoind.exe turned on and it needs to be synchronized with the network.

2017-Nov-08 22:14:21.240889 INFO    kmcoin v1.4.4.710 ()
2017-Nov-08 22:14:21.242893 INFO    Module folder: C:\Program Files (x86)\KMC\KMC\kmcoind.exe
2017-Nov-08 22:14:21.245901 INFO    Initializing p2p server...
2017-Nov-08 22:14:21.247407 INFO    Network: 05b662a8-f333-5b1d-b777-c6675a780dc0
2017-Nov-08 22:14:21.248910 INFO    Binding on 0.0.0.0:15505
2017-Nov-08 22:14:21.250915 INFO    Net service binded on 0.0.0.0:15505
2017-Nov-08 22:14:21.251917 INFO    Attempting to add IGD port mapping.
2017-Nov-08 22:14:21.768792 INFO    Added IGD port mapping.
2017-Nov-08 22:14:21.770297 INFO    P2p server initialized OK
2017-Nov-08 22:14:21.771299 INFO    Initializing core...
2017-Nov-08 22:14:21.773305 INFO    Loading blockchain...
2017-Nov-08 22:14:21.774307 WARNING No actual blockchain cache found, rebuilding internal structures...
2017-Nov-08 22:14:21.775811 INFO    Height 0 of 10066
2017-Nov-08 22:14:21.837475 INFO    Height 1000 of 10066
2017-Nov-08 22:14:21.932729 INFO    Height 2000 of 10066
2017-Nov-08 22:14:22.044024 INFO    Height 3000 of 10066
2017-Nov-08 22:14:22.155821 INFO    Height 4000 of 10066
2017-Nov-08 22:14:22.267619 INFO    Height 5000 of 10066
2017-Nov-08 22:14:22.372398 INFO    Height 6000 of 10066
2017-Nov-08 22:14:22.484195 INFO    Height 7000 of 10066
2017-Nov-08 22:14:22.633090 INFO    Height 8000 of 10066
2017-Nov-08 22:14:22.802040 INFO    Height 9000 of 10066
2017-Nov-08 22:14:22.966477 INFO    Height 10000 of 10066
2017-Nov-08 22:14:22.979011 INFO    Rebuilding internal structures took: 1.20311
2017-Nov-08 22:14:22.980515 INFO    Blockchain initialized. last block: 10065, d0.h00.m05.s14 time ago, current difficulty: 41322252
2017-Nov-08 22:14:22.982520 INFO    Core initialized OK
2017-Nov-08 22:14:22.984526 INFO    Starting core rpc server on address 127.0.0.1:16606
2017-Nov-08 22:14:22.986531 INFO    Core rpc server started ok
2017-Nov-08 22:14:22.987534 INFO    Starting p2p net loop...
2017-Nov-08 22:14:22.988035 INFO    Starting node_server
2017-Nov-08 22:14:23.614200 INFO    [24.163.42.182:15505 OUT] Sync data returned unknown top block: 10065 -> 10069 [4 blocks (0 days) behind]
2017-Nov-08 22:14:23.614200 INFO    SYNCHRONIZATION started
2017-Nov-08 22:14:23.894947 INFO    [90.253.213.236:15505 OUT] Sync data returned unknown top block: 10065 -> 10069 [4 blocks (0 days) behind]
2017-Nov-08 22:14:23.894947 INFO    SYNCHRONIZATION started
2017-Nov-08 22:14:23.920515 INFO    [81.88.217.73:15505 OUT] Sync data returned unknown top block: 10065 -> 10069 [4 blocks (0 days) behind]
2017-Nov-08 22:14:23.920515 INFO    SYNCHRONIZATION started
2017-Nov-08 22:14:24.452429 INFO    [81.88.217.73:15505 OUT] SYNCHRONIZED OK

[1715049185]

1715049185

[1715049185]

1715049185

[1715049185]

1715049185

[algiz]

I create a new wallet, everything works. With an old wallet does not work. Just on the old purse were about 500 coins

[Warix3]

I create a new wallet, everything works. With an old wallet does not work. Just on the old purse were about 500 coins

Try running it as an administrator, if it still doesn't work then your password is wrong. Maybe you have caps or num lock on?

[dunedainbob]

Hash looks like it's way up.  If dev implements those masternodes on a no-pre-mine coin, it'll be pretty great (I'm glad there's an official pool with some fee to support dev's work, he should have incentive to follow through on this promising project).

[zyvervago]

Hash is skyrocketing and I'm getting less than half of the coins I got past week.

[crd007]

Hash is skyrocketing and I'm getting less than half of the coins I got past week.

I think that's a good sign. Miners are adopting this coin and as soon as it get's on an exchange it might get more popular. You have to be one of the first miners to really profit ..

[pehoko]

I have managed to mine KMC with sgminer but need some tips as sometime miner crashes. How to calculate best rawintensity, worksize and threads for specific cards?

[tr4nscr1pt]

Hash looks like it's way up.  If dev implements those masternodes on a no-pre-mine coin, it'll be pretty great (I'm glad there's an official pool with some fee to support dev's work, he should have incentive to follow through on this promising project).

Masternodes will definitely be implemented and we are working hard on them. Our idea is to softfork or hardfork the chain on block 50K or some other (depending on time schedule) and to raise current reward for 4.5% from which 3.5% would later go to MasterNodes. We are considering softfork over hardfork because it is much simpler and less demanding. The other 1% would go as dev fee for development and network administration which requires plenty of resources, time and money. Along with that, we plan to lower pool fees but miner rewards will stay the same. MasterNodes will be run from VPS servers and users will need to have a certain amount of KMCoin on their wallet in order for MasterNodes to be active. That amount has not yet been defined because we are more focused on development at the moment. The status of MasterNodes and their rewards will be shown on a separate website. These MasterNodes will be revolutionary for KMCoin and Cryptonote altogether. Right before the release of MasterNodes, KMC will be listed on some exchanges so that users that don't participate in mining could have an opportunity to buy KMC and run their own MasterNodes. Purpose of MasterNodes is the stability of network and an additional way of earning coins. Consequently, we are dropping our original idea of financing MasterNodes by transaction fees from GUI Wallet. Without this feature, we will be releasing our GUI Wallet within the next week.
We are continuing to develop new ideas, thank you for your trust and patience and stay tuned for more.

[bricktop8]

Hash looks like it's way up.  If dev implements those masternodes on a no-pre-mine coin, it'll be pretty great (I'm glad there's an official pool with some fee to support dev's work, he should have incentive to follow through on this promising project).

Masternodes will definitely be implemented and we are working hard on them. Our idea is to softfork or hardfork the chain on block 50K or some other (depending on time schedule) and to raise current reward for 4.5% from which 3.5% would later go to MasterNodes. We are considering softfork over hardfork because it is much simpler and less demanding. The other 1% would go as dev fee for development and network administration which requires plenty of resources, time and money. Along with that, we plan to lower pool fees but miner rewards will stay the same. MasterNodes will be run from VPS servers and users will need to have a certain amount of KMCoin on their wallet in order for MasterNodes to be active. That amount has not yet been defined because we are more focused on development at the moment. The status of MasterNodes and their rewards will be shown on a separate website. These MasterNodes will be revolutionary for KMCoin and Cryptonote altogether. Right before the release of MasterNodes, KMC will be listed on some exchanges so that users that don't participate in mining could have an opportunity to buy KMC and run their own MasterNodes. Purpose of MasterNodes is the stability of network and an additional way of earning coins. Consequently, we are dropping our original idea of financing MasterNodes by transaction fees from GUI Wallet. Without this feature, we will be releasing our GUI Wallet within the next week.
We are continuing to develop new ideas, thank you for your trust and patience and stay tuned for more.

I started to mine KMC because it had no premine and I am minning on dev pool because I want to contribute to the coin/dev funds.

The 1% dev fee from every block I think is reasonable and acceptable because you invest a lot of time and money in KMC, but please don't make that 1% into 5% or 10% etc. Regarding the pool fee I don't see and problems if you keep the 2% fee because people can choose to mine at your pool (and help you more) or not.

Regarding the MasterNodes hipe, it's a good idea, this will bring something special to the coin, but based on what I've seen on other coins it's damn hard to implement it and make it work without problems.

Good luck mate!

Good luck mate!

[MegaAzer]

Really promissing. Keep my eye on

[barssib]

The reward for masternodes should be at least 30%, then there will be good investors.  4000 KMC and 30-40% of the block will make the coin valuable.

[boroda303]

I think the price tag on the coin will be the best in masternode 1000 !if you make above 2000 will drop the price of coins! due to the fact that many will not afford to make masternode ! 1 KMC= 1 $ assume ! And how many investors will come if masternode will be 4000?? No more than 2000 coins on masternode or 1000 ! It's a decent amount IMHO

[thaian]

Hash looks like it's way up.  If dev implements those masternodes on a no-pre-mine coin, it'll be pretty great (I'm glad there's an official pool with some fee to support dev's work, he should have incentive to follow through on this promising project).

Masternodes will definitely be implemented and we are working hard on them. Our idea is to softfork or hardfork the chain on block 50K or some other (depending on time schedule) and to raise current reward for 4.5% from which 3.5% would later go to MasterNodes. We are considering softfork over hardfork because it is much simpler and less demanding. The other 1% would go as dev fee for development and network administration which requires plenty of resources, time and money. Along with that, we plan to lower pool fees but miner rewards will stay the same. MasterNodes will be run from VPS servers and users will need to have a certain amount of KMCoin on their wallet in order for MasterNodes to be active. That amount has not yet been defined because we are more focused on development at the moment. The status of MasterNodes and their rewards will be shown on a separate website. These MasterNodes will be revolutionary for KMCoin and Cryptonote altogether. Right before the release of MasterNodes, KMC will be listed on some exchanges so that users that don't participate in mining could have an opportunity to buy KMC and run their own MasterNodes. Purpose of MasterNodes is the stability of network and an additional way of earning coins. Consequently, we are dropping our original idea of financing MasterNodes by transaction fees from GUI Wallet. Without this feature, we will be releasing our GUI Wallet within the next week.
We are continuing to develop new ideas, thank you for your trust and patience and stay tuned for more.

It is a good plan. I like

[Mr_Burst]

...which 3.5% would later go to MasterNodes. ...

LOL-what?  3.5% A u seriously? With that reward for MN this project absolutely not viable.
A coin dont 'fly' 

[fosograf]

...which 3.5% would later go to MasterNodes. ...

LOL-what?  3.5% A u seriously? With that reward for MN this project absolutely not viable.
A coin dont 'fly' 

35% is cool.. 3,5% is very stupid. MN with 3.5% reward - big  peace of s*t, and pre-price coin is too low...

[Floo1]

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

[BulgarianDragon]

Need Spanish translation?

[dunedainbob]

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

[Qraq]

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

Well, let's look at some other coins.
INNOVA: 50% reward to MN = 7200 coins per day, 308 MN - 23.37 coin/day.
DESIRE: 20% reward to MN = 2304 coins per day, 268 MN - 8,6 coin/day.

804 coin per day for 200 MN - it's only 4 coin for MN. But I expect more than 200 MN even the cost of each will be more than 0.25 BTC.

[dunedainbob]

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

Well, let's look at some other coins.
INNOVA: 50% reward to MN = 7200 coins per day, 308 MN - 23.37 coin/day.
DESIRE: 20% reward to MN = 2304 coins per day, 268 MN - 8,6 coin/day.

804 coin per day for 200 MN - it's only 4 coin for MN. But I expect more than 200 MN even the cost of each will be more than 0.25 BTC.

Thank you for providing some actual numbers, it will lead to a more productive conversation.  I would have two questions in response to your post:

1) Are INN and DSR good comparables?  They have gained massive value since their launches, but we don't actually know yet if that growth is sustainable.  Are there any 6 or 12 month-old masternode coins that could serve as a better basis for successful masternode reward %?

2) How many masternodes do you think we'll hit?  After 3 months (which is older than DSR or Innova) we would have a total supply of 90 days * 960 blocks/day * 25 KMC/block = 2.16 million KMC.   If we set the masternode collateral at 2000, that would mean a potential 864 nodes, although in my experience only about 40-50% of masternode coins end up going into nodes (meaning closer to 430 nodes).  So, we would need a reward closer to 15% to get 8+ KMC/day.

What do people think of a 15% reward, assuming we think DSR is a good comparable (just for masternode stuff, KMC will actually be a lot stronger than DSR because of the no-premine etc)?  Might be a good compromise so that people don't think it's too small, but at the same time it's not giving something ridiculous like 50% rewards for no reason.