[DVC]DevCoin - Official Thread - Moderated

[wiser]

And just like clockwork, like I've been saying, bitcoin is about to go to walstreet which means mainstream for bitcoin, devcoin and all the rest of the coins. When the masses start investing in alt coins that's when it all starts going in fast forward.  Hyper growth and hyper hype from the media.  The way they mock alt coins now they'll be telling everyone to buy buy buy.

If you are right on that point, then that means that even getting into cryptos as late as I am, in the grand scheme of things I'm still very much an early adopter with a lot of upside ahead of me.

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[jaywaka2713]

And just like clockwork, like I've been saying, bitcoin is about to go to walstreet which means mainstream for bitcoin, devcoin and all the rest of the coins. When the masses start investing in alt coins that's when it all starts going in fast forward.  Hyper growth and hyper hype from the media.  The way they mock alt coins now they'll be telling everyone to buy buy buy.

If you are right on that point, then that means that even getting into cryptos as late as I am, in the grand scheme of things I'm still very much an early adopter with a lot of upside ahead of me.

You are still an early adopter if you are getting into Bitcoin right now...

I bought 1 million devcoin when it was at 0.00000150 and its currently at 0.00000060. I refuse to sell because I know about the profits I still can make. I also accept devcoin through my business as I know of its potential.

[wiser]

The round 24 receiver files have been uploaded to:
http://galaxies.mygamesonline.org/receiver_24.csv
http://devcoinpool.btc-music.com/receiver/receiver_24.csv
http://devcoinblockexplorer.info/receiver/receiver_24.csv
http://devtome.com/files/receiver_24.csv
http://devcoin.darkgamex.ch/receiver_24.csv

The account file is at:
http://galaxies.mygamesonline.org/account_24.csv

There were 1277 original receiver lines, so the average number of devcoins per share is 180,000,000 dvc / 1277 = 140,955 dvc. At the current price of 0.885 btc/Mdvc, that is 0.125 btc/share. At the current price of 108 $/btc, that is 13 $/share. Administrator pay is 85.0 shares, 6.7 percent of the total.

People on that list will start getting those coins in round 24, starting at block 96,000. The procedure for generating the receiver files is at:
http://devtome.com/doku.php?id=devcoin#generating_the_files

The next bounties will go into round 25:
https://raw.github.com/Unthinkingbit/charity/master/bounty_25.csv

On Alexa:
http://www.alexa.com/siteinfo/devtome.com#

the 3 month pageviews are 0.0000074% and the 1 month pageviews are 0.0000038%.

So I have a math question.  My address shows up 34 times in the receiver file, which corresponds to the number of shares I have.  Each share is supposed to get 140,955 DVC, but 45,000 are generated at each block.  So where would the remaining 95,955 DVC per share come from?  What am I missing?

Edit:  I think this message answers my question, especially this part:

The number of receiver lines will only be known at block 85,000, when the writer earnings are generated and the receiver file is made. Assuming there are 60 receiver lines this round, each line will get a payment every 60 blocks, and on average each line will receive a total of 180,000,000 devcoins / 60 = 3,000,000 devcoins. For example, if someone made four generation shares from the signing bonus, and two for articles, for a total of six shares, they would get six payments every 60 rounds, or an average of a payment every 10 rounds. Their total payment would be on average 6 * 3,000,000 devcoins = 18,000,000 devcoins. Calculated at one payment every ten rounds, that gives the same figure of 4,000 / 10 * 45,000 devcoins = 18,000,000 devcoins.

So... working through it for the current round and the number of shares I have, the paragraph would read something like this:

The number of receiver lines will only be known at block 93,000, when the writer earnings are generated and the receiver file is made. Assuming there are 1277 receiver lines this round, each line will get a payment every 1277 blocks, and on average each line will receive a total of 180,000,000 devcoins / 1277 = 140,995 devcoins. For example, if someone made ... a total of 34 shares, they would get 34 payments every 1277 rounds, or an average of a payment every 37.5588235... rounds. Their total payment would be on average 34 * 140,995 devcoins = 4,793,830 devcoins. Calculated at one payment every 37.5588235... rounds, that gives the same figure of 4,000 / 37.5588235... * 45,000 devcoins = 4,792,482 devcoins.

I'm assuming the discrepancy between the results of the total number of devcoins when the payout generations are all done is due to rounding error--on my calculator the string of numbers after the decimal point went on for quite a while!  Basically, the part I was missing was that the receiver lines repeat themselves for the duration of the 4,000 blocks in which payouts for round 24 are made.

So... once one begins writing for the Devtome, as long as one keeps up the pace month in and month out, it seems to me that payouts happen pretty much continuously.  Is that right?

This is looking better and better.  Who knew story problems could be so much fun?


Now that my client will be generating Devcoins from now on into the foreseeable future, do I need to leave my computer on to pick up my generated DVCs?  Or is it OK to shut it down for the night and pick up everything that got generated overnight in the morning when I turn it back on?  Just to be safe, I'll keep it turned on for now... until I get a reply.

[wiser]

I also accept devcoin through my business as I know of its potential.

What is your business?

Edit:  On a broader note, is there a directory out there of businesses that accept payment in Devcoin?  If not, can we start one on the Devtome?  It could be set up very similarly to the front page, where one can add a new business to a "latest" section and then admins can categorize them by business type and location.  I'd be happy to help out with the categorizing part.

[Vlad2Vlad]

And just like clockwork, like I've been saying, bitcoin is about to go to walstreet which means mainstream for bitcoin, devcoin and all the rest of the coins. When the masses start investing in alt coins that's when it all starts going in fast forward.  Hyper growth and hyper hype from the media.  The way they mock alt coins now they'll be telling everyone to buy buy buy.

If you are right on that point, then that means that even getting into cryptos as late as I am, in the grand scheme of things I'm still very much an early adopter with a lot of upside ahead of me.

We're still very early.  Very very early.  Just don't sell at the first spike.  Wait for everyone to start buying.  When you hear your neighbors talking about how they're buying crypto cons then that's the time to start selling.

This is how I know its very early. Max 1% of people in the western world are actively involved in crypto coins. 

Also, crypto coins are perceived as a joke by main stream media and wallstreet.  And finally, you need special computer skills to invest.  At least to be computer literate.  That's keeping out the masses.  Something a bitcoin ETF would fix.

Everyone I've told about and sold them on he idea of alt coins when they saw they had to buy hardware or learn about all these different clients to download and how to set up and tweak mining software - after a week they all but one gave up.

So no worries, a year ago would have been ideal to get into this thing but we are definitely very early to the game. Just have enough coins (in various names) so when it spikes you can sell some and still have lots to wait out the real wave.

[wiser]

Everyone I've told about and sold them on he idea of alt coins when they saw they had to buy hardware or learn about all these different clients to download and how to set up and tweak mining software - after a week they all but one gave up.

So no worries, a year ago would have been ideal to get into this thing but we are definitely very early to the game. Just have enough coins (in various names) so when it spikes you can sell some and still have lots to wait out the real wave.

I have to admit that all the stuff about clients (with their private keys and need for backing up) and hardware and mining technology and difficulty along with all the programming behind it is something I find a bit daunting.  For example, I'm wondering if it's even safe for me to turn off my laptop now that my DVC client is getting generated DVC!  Let's just say that I'm a big fan of Coinbase.  It takes some of that off my back and I get a nice BTC wallet.

Sounds like you have a good strategy.  I'm more or less on the same page except that I would like to grow the number of cryptos I have (in the various names I choose to have them) by also investing them rather than just sitting on them.  But of course there is risk involved either way so you have to choose the risk you feel you can live with.

[Vlad2Vlad]

Wiser, how are you gonna invest the crypto coins exactly?  I'm sitting on them cause that's all you can do.

I'm investing in ASIC mining gear which should hopefully allow me to accumulate coins faster than buying them.

You can shut off your laptop while it's generating shares.  I only turn mine on and lower the firewall once per week to see my coins accumulating.  It's safe, your coins just float around looking for your address and once you connect to the node in about 3 minutes all your coins for all those past days will pop up all matured and everything.  

[wiser]

Wiser, how are you gonna invest the crypto coins exactly?  I'm sitting on them cause that's all you can do.

You can support the Devcoin Bounties, which earn dividends weekly, and puts your Devcoins to work supporting innovation. You can't help but feel good having your dvc sitting here.
https://cryptostocks.com/securities/14
Ask price:  199 dvc, average weekly dividend 0.032 dvc per share.

You can invest in ASIC Miner Pass Through shares which earn dividends weekly. Be a part of ASIC mining as each share represents 1/1000th of an ASICMiner share, paid in Devcoins.
https://cryptostocks.com/securities/39
Ask price: 9,900 dvc, dividends paid weekly ranging from 20.2 dvc to 34.38 (last four weeks) per share.

You can invest in the P2P DVC mining bond which earn dividends weekly. P2PDVC has several interests including shares of RTM in Bitfunder.
https://cryptostocks.com/securities/40
Ask Price: 100.5 dvc, dividends paid weekly averaging 0.01 dvc but two weeks ago was 0.1 dvc. per share.

These are all easily liquidated if you need your devcoins for something else, and you earn more Devcoins per week. Not bad.

Devcoins go through cycles and holding them in investments until a better price comes along is a good way to be involved in multiple projects.

Bitcoin PR Buzz accepts Devcoins
http://bitcoinprbuzz.com/

+1!

Thanks for putting that all in one place.

There is also the option to trade some (definitely not all!) DVC for BTC and buy ASICMINER shares and 1/100 shares over on BTCT.co

There are other securities to at least check out on the various exchanges in various cryptos, but as far as I can tell ASICMINER is the most solid.  Always practice due diligence, etc.

[wiser]

You can shut off your laptop while it's generating shares.  I only turn mine on and lower the firewall once per week to see my coins accumulating.  It's safe, your coins just float around looking for your address and once you connect to the node in about 3 minutes all your coins for all those past days will pop up all matured and everything.  

Thanks!  Good to know.  I will definitely turn on my laptop more than once a week, though, as I use it for many things besides watching my Devs accumulate--writing Devtome content,  for example 

[Wolf Rainer]

DVC is dying day by day  thats sad, i had much hope in this coin. Why is dying?

[Boelens]

DVC is dying day by day  thats sad, i had much hope in this coin. Why is dying?

Pretty sure it isn't really dying.

[wiser]

The client I'm currently using for DVC is the 0.3.24-beta version.  I'm thinking I'd like to change to the client found here (https://www.box.com/s/crfmuuhe0f32w5g4nt4i) but haven't downloaded it yet.  If I download the next client and try it out, will the old one still run just fine?  Can I have two DVC clients running on the same computer?

The reason I want to possibly switch down the road is that this beta version doesn't seem to have any way for me to back it up or access the private key or anything that would really help in the event my hard drive crashes.  So I want to play around with the next one on the same computer and see if it's a better client.  Will it be OK to do that?

[ranlo]

The client I'm currently using for DVC is the 0.3.24-beta version.  I'm thinking I'd like to change to the client found here (https://www.box.com/s/crfmuuhe0f32w5g4nt4i) but haven't downloaded it yet.  If I download the next client and try it out, will the old one still run just fine?  Can I have two DVC clients running on the same computer?

The reason I want to possibly switch down the road is that this beta version doesn't seem to have any way for me to back it up or access the private key or anything that would really help in the event my hard drive crashes.  So I want to play around with the next one on the same computer and see if it's a better client.  Will it be OK to do that?

It's fine as long as you don't run them at the same time (well, some say not to run at the same time, others say it's fine... but I'd be safe).

You don't need to export your key though. Go to c:/users/[username]/appdata/roaming/devcoin/wallet.dat and just back up that file.

[alex0909]

A new client for Mac would be great, kind of hard to manage it right now (bugs with copy /paste) due to the fact that it launches in the terminal (command line mac app).

Btw second question, when does round 25 ends? since their was delay should we expect delay in the end of the round?

Thanks

[wiser]

It's fine as long as you don't run them at the same time (well, some say not to run at the same time, others say it's fine... but I'd be safe).

You don't need to export your key though. Go to c:/users/[username]/appdata/roaming/devcoin/wallet.dat and just back up that file.

Thank you!

File is now backed up.  I feel better already

And I will take your advice and have the old client closed before messing with the new one.

[weisoq]

...second question, when does round 25 ends? since their was delay should we expect delay in the end of the round? Thanks

block 97k as far as I know - the earlier delay was to accommodate online wallet issues in round 23 and to even out that one with 24, rather than keep rolling over the extra blocks I think (but could be wrong)

[weisoq]

Btw second question, when does round 25 ends? since their was delay should we expect delay in the end of the round?

The Rounds end times and Payment start times (by block number) are at http://www.devtome.com/doku.php?id=devtome_stats This page has numbers up to and including Round 30.

Are you sure about the +300's? 89,150 was used for round 23 (to ensure verybody had a valid dvc address) and then 93,300 for 24 to even them out, but assumed it was back to an 97,000 after that and onwards because the forward adjustment was then known beforehand.

Doesn't really matter, but I'm asked about this a lot and would be good to clarify as I've been saying 97k + 4,000,... and nobody here seemed to think or claim otherwise. Cheers

[ranlo]

Btw second question, when does round 25 ends? since their was delay should we expect delay in the end of the round?

The Rounds end times and Payment start times (by block number) are at http://www.devtome.com/doku.php?id=devtome_stats This page has numbers up to and including Round 30.

Are you sure about the +300's? 89,150 was used for round 23 (to ensure verybody had a valid dvc address) and then 93,300 for 24 to even them out, but assumed it was back to an 97,000 after that and onwards because the forward adjustment was then known beforehand.

Doesn't really matter, but I'm asked about this a lot and would be good to clarify as I've been saying 97k + 4,000,... and nobody here seemed to think or claim otherwise. Cheers

Unthinkingbit confirmed for me that it is every 4k blocks starting with what we are used to for R24 (when I started), so payout is every 4k blocks from 96k (100, 104, 108, 112...) and the stopping point is every 4k blocks as well (93.3k, 97.3, 101.3, 105.3...).

[twobits]

The client I'm currently using for DVC is the 0.3.24-beta version.  I'm thinking I'd like to change to the client found here (https://www.box.com/s/crfmuuhe0f32w5g4nt4i) but haven't downloaded it yet.  If I download the next client and try it out, will the old one still run just fine?  Can I have two DVC clients running on the same computer?

It should.  This will probably change in a future build, but for now they are interoperable as long as you do not encrypt the wallet file.

I am curious.  It seems you joined the forum a month and a half after the new version came out.  Yet you still choose to download the older version.  I have gotten a few support pms and every single time it has turned out they downloaded the old version, and an update fixes their issues.  Why did you choose the old version still?

[ranlo]

The client I'm currently using for DVC is the 0.3.24-beta version.  I'm thinking I'd like to change to the client found here (https://www.box.com/s/crfmuuhe0f32w5g4nt4i) but haven't downloaded it yet.  If I download the next client and try it out, will the old one still run just fine?  Can I have two DVC clients running on the same computer?

It should.  This will probably change in a future build, but for now they are interoperable as long as you do not encrypt the wallet file.

I am curious.  It seems you joined the forum a month and a half after the new version came out.  Yet you still choose to download the older version.  I have gotten a few support pms and every single time it has turned out they downloaded the old version, and an update fixes their issues.  Why did you choose the old version still?

The client on the official site, or thread or whatever was the wrong version. I joined up long after the new version was released as well but up until a couple weeks ago I had no idea there even was a new version -- I was still using the one with the Bitcoin logo as that is the one that was listed.