[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[xzentorxz]

Can you please confirm if there is double spending of ETN coins within your Network?
According to your github: https://github.com/electroneum/electroneum/blob/master/src/cryptonote_config.h
ETN carries only 2 decimals: #define CRYPTONOTE_DISPLAY_DECIMAL_POINT      2

If that is the case, how is the only exchange trading ETN able to execute BUY/SELL orders of up to 8 decimal places?


https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC
4/12/2017 3:00:48 AM
Buy   
0.00000645
509.27733333
0.00328484

No explorer exists with a record of greater than (2) decimal places transactions, show where do the additional (6) decimal places of ETN come from?


Thanks

You're not actually trading coins directly between wallets on a coin exchange, once your deposit is credited to your account the balance exists as a database entry and is incremented/decremented based upon trading, deposits and withdrawals. Essentially your coins become virtual so the decimal point rules of the client itself become irrelevant at that point. An exchange could add as many decimal points as they want but most stick with 8 because that's the standard set by Bitcoin.

The only time the 2 decimal point limitation would be an issue would be at the time you come to withdraw as the client won't allow you to send transactions with more than 2 decimal points anything in the remaining 6 decimal spaces would be dust that you can't withdraw.

For my experience it is not possible, if you you hit buy/sell you will get an error on cryptopia and it auto sets to 2 decimals.

[1715580462]

1715580462

[connorwoods]

Can you please confirm if there is double spending of ETN coins within your Network?
According to your github: https://github.com/electroneum/electroneum/blob/master/src/cryptonote_config.h
ETN carries only 2 decimals: #define CRYPTONOTE_DISPLAY_DECIMAL_POINT      2

If that is the case, how is the only exchange trading ETN able to execute BUY/SELL orders of up to 8 decimal places?


https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC
4/12/2017 3:00:48 AM
Buy   
0.00000645
509.27733333
0.00328484

No explorer exists with a record of greater than (2) decimal places transactions, show where do the additional (6) decimal places of ETN come from?


Thanks

You're not actually trading coins directly between wallets on a coin exchange, once your deposit is credited to your account the balance exists as a database entry and is incremented/decremented based upon trading, deposits and withdrawals. Essentially your coins become virtual so the decimal point rules of the client itself become irrelevant at that point. An exchange could add as many decimal points as they want but most stick with 8 because that's the standard set by Bitcoin.

The only time the 2 decimal point limitation would be an issue would be at the time you come to withdraw as the client won't allow you to send transactions with more than 2 decimal points anything in the remaining 6 decimal spaces would be dust that you can't withdraw.

For my experience it is not possible, if you you hit buy/sell you will get an error on cryptopia and it auto sets to 2 decimals.

I was just able to execute the following orders on cryptopia

Buy   
0.00000651
1195.84333637
0.0077849

4/12/2017 4:37:23 AM
Buy   
0.00000651
3188.54610288
0.02075744



7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total
again i bought
7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total


.00646045 + .00646045 = 0.0129209 ETN

I am now able to spend this 0.0129209 ETN

Is this not double spending?

[Grrizzly]

Can you please confirm if there is double spending of ETN coins within your Network?
According to your github: https://github.com/electroneum/electroneum/blob/master/src/cryptonote_config.h
ETN carries only 2 decimals: #define CRYPTONOTE_DISPLAY_DECIMAL_POINT      2

If that is the case, how is the only exchange trading ETN able to execute BUY/SELL orders of up to 8 decimal places?


https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC
4/12/2017 3:00:48 AM
Buy   
0.00000645
509.27733333
0.00328484

No explorer exists with a record of greater than (2) decimal places transactions, show where do the additional (6) decimal places of ETN come from?


Thanks

You're not actually trading coins directly between wallets on a coin exchange, once your deposit is credited to your account the balance exists as a database entry and is incremented/decremented based upon trading, deposits and withdrawals. Essentially your coins become virtual so the decimal point rules of the client itself become irrelevant at that point. An exchange could add as many decimal points as they want but most stick with 8 because that's the standard set by Bitcoin.

The only time the 2 decimal point limitation would be an issue would be at the time you come to withdraw as the client won't allow you to send transactions with more than 2 decimal points anything in the remaining 6 decimal spaces would be dust that you can't withdraw.

Thanks for your explanation but it begs the question
if I buy .115 ETN
and buy again .115 ETN
that creates .01 ETN a valid decimal place and amount able to send or rcve.

How are the additional (6) decimal places created?

Trades are not on the blockchain and as such not limited to the same rules, there could be any number of decemal places but as soon as you try to withdraw (move the coins onto the blockchain) you will be forced to obey its rules which will generally mean any value after the first 2 decemal places wont be transferable. The same thing happens with NEO which only operates on whole numbers.

[connorwoods]

Can you please confirm if there is double spending of ETN coins within your Network?
According to your github: https://github.com/electroneum/electroneum/blob/master/src/cryptonote_config.h
ETN carries only 2 decimals: #define CRYPTONOTE_DISPLAY_DECIMAL_POINT      2

If that is the case, how is the only exchange trading ETN able to execute BUY/SELL orders of up to 8 decimal places?


https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC
4/12/2017 3:00:48 AM
Buy   
0.00000645
509.27733333
0.00328484

No explorer exists with a record of greater than (2) decimal places transactions, show where do the additional (6) decimal places of ETN come from?


Thanks

You're not actually trading coins directly between wallets on a coin exchange, once your deposit is credited to your account the balance exists as a database entry and is incremented/decremented based upon trading, deposits and withdrawals. Essentially your coins become virtual so the decimal point rules of the client itself become irrelevant at that point. An exchange could add as many decimal points as they want but most stick with 8 because that's the standard set by Bitcoin.

The only time the 2 decimal point limitation would be an issue would be at the time you come to withdraw as the client won't allow you to send transactions with more than 2 decimal points anything in the remaining 6 decimal spaces would be dust that you can't withdraw.

Thanks for your explanation but it begs the question
if I buy .115 ETN
and buy again .115 ETN
that creates .01 ETN a valid decimal place and amount able to send or rcve.

How are the additional (6) decimal places created?

Trades are not on the blockchain and as such not limited to the same rules, there could be any number of decemal places but as soon as you try to withdraw (move the coins onto the blockchain) you will be forced to obey its rules which will generally mean any value after the first 2 decemal places wont be transferable. The same thing happens with NEO which only operates on whole numbers.

By executeing the below trades I was successfully able to send 0.0129209 ETN created

So if cryptopia is arbitrarily adding the additional (6) decimal amount then what accounting system creates these partial coins?
or If it execute a trade for 15.11 is cryptopia reducing that amount and then adding the addtional (6) decimal amount ?

4/12/2017 4:37:23 AM
Buy   
0.00000651
3188.54610288
0.02075744


4/12/2017 4:37:14 AM
Buy   
0.00000651
1195.84333637
0.0077849



7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total
again i bought
7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total


.00646045 + .00646045 = 0.0129209 ETN

I am now able to spend this 0.0129209 ETN

Is this not double spending?

[Grrizzly]

Can you please confirm if there is double spending of ETN coins within your Network?
According to your github: https://github.com/electroneum/electroneum/blob/master/src/cryptonote_config.h
ETN carries only 2 decimals: #define CRYPTONOTE_DISPLAY_DECIMAL_POINT      2

If that is the case, how is the only exchange trading ETN able to execute BUY/SELL orders of up to 8 decimal places?


https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC
4/12/2017 3:00:48 AM
Buy   
0.00000645
509.27733333
0.00328484

No explorer exists with a record of greater than (2) decimal places transactions, show where do the additional (6) decimal places of ETN come from?


Thanks

You're not actually trading coins directly between wallets on a coin exchange, once your deposit is credited to your account the balance exists as a database entry and is incremented/decremented based upon trading, deposits and withdrawals. Essentially your coins become virtual so the decimal point rules of the client itself become irrelevant at that point. An exchange could add as many decimal points as they want but most stick with 8 because that's the standard set by Bitcoin.

The only time the 2 decimal point limitation would be an issue would be at the time you come to withdraw as the client won't allow you to send transactions with more than 2 decimal points anything in the remaining 6 decimal spaces would be dust that you can't withdraw.

Thanks for your explanation but it begs the question
if I buy .115 ETN
and buy again .115 ETN
that creates .01 ETN a valid decimal place and amount able to send or rcve.

How are the additional (6) decimal places created?

Trades are not on the blockchain and as such not limited to the same rules, there could be any number of decemal places but as soon as you try to withdraw (move the coins onto the blockchain) you will be forced to obey its rules which will generally mean any value after the first 2 decemal places wont be transferable. The same thing happens with NEO which only operates on whole numbers.

By executeing the below trades I was successfully able to send 0.0129209 ETN created

So if cryptopia is arbitrarily adding the additional (6) decimal amount then what accounting system creates these partial coins?
or If it execute a trade for 15.11 is cryptopia reducing that amount and then adding the addtional (6) decimal amount ?

4/12/2017 4:37:23 AM
Buy   
0.00000651
3188.54610288
0.02075744


4/12/2017 4:37:14 AM
Buy   
0.00000651
1195.84333637
0.0077849



7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total
again i bought
7.89646045 ETN @ 0.00000652 BTC = 0.00005159 BTC total


.00646045 + .00646045 = 0.0129209 ETN

I am now able to spend this 0.0129209 ETN

Is this not double spending?

Example;

Someone puts 0.01ETN on an exchange.

He sells that 0.01ETN to 10 people, now they each have 0.001ETN. They cant withdraw that ammount because its invalid on the blockchain but Cryptopia still have 0.01ETN (a valid amount).

Eventually one of them buys the other 9 peoples 0.001ETN and now has 0.01ETN, he can now transfer that off the exchange because it is a valid amount.

No coins were created or double spent etc. in that process, Cryptopia kept a ledger of who owns what out of the total pool and settled at the point of withdrawal, the number of decemal places is irrelevant up to this point as it is all happening off the blockchain.

[DaMoonIsDaFuture]

Jeez i wanted to buy some coins but every page i read in this thread SO MUCH DRAMA

[Call_Me_Bambi]

..hello..someone can help me..i downloaded the wallet of electroneum..it says that i need to update it..and when i updated it..nothing happens..could you give me other option if where i can download the running Apps of it..thanx..

Which electroneum wallet are you having problem with. Give us a link to it so it might help us diagnose the problem.
The only two wallets I know of are the official command line wallet and the unofficial GUI wallet.

Official CMD: https://github.com/electroneum/electroneum/releases
Unofficial GUI: https://bitcointalk.org/index.php?topic=2444581.0

There is an offline paper wallet too: https://downloads.electroneum.com/offline_paper_electroneum_walletV1.5.html

Help topics:
https://medium.com/@xikimay_33996/how-to-create-an-electroneum-wallet-and-how-to-use-it-b00b787d5bd7
https://medium.com/@xikimay_33996/importing-your-paper-wallet-to-your-cli-wallet-9e788be08a1a

[TOPBILL]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

[Highspeed123]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

[TOPBILL]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

Where did you get news of this?  I searched everywhere Do you have a link? Thanks

[Highspeed123]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

Where did you get news of this?  I searched everywhere Do you have a link? Thanks

Go into balances and hover the mouse over the wallet and it will show a popup with the details. They don't have it in their news section yet for whatever reason. They say everything is ok, just routine maintenance.

[rhaegonz]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Same problem here, i sent 220 ETN a few hours ago and still doesn't show nothing in cryptopia. Both TX have hundreds of confirmations.

[Highspeed123]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Same problem here, i sent 220 ETN a few hours ago and still doesn't show nothing in cryptopia. Both TX have hundreds of confirmations.

They will go through once the wallet is out of maintenance. Until then, your ETN is safe on the blockchain. No need to worry, you will have them soon.

[sud]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

Where did you get news of this?  I searched everywhere Do you have a link? Thanks

Go into balances and hover the mouse over the wallet and it will show a popup with the details. They don't have it in their news section yet for whatever reason. They say everything is ok, just routine maintenance.

Maybe it's a good news... Preparing for distributed ICO coins?

[TOPBILL]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

Where did you get news of this?  I searched everywhere Do you have a link? Thanks

Go into balances and hover the mouse over the wallet and it will show a popup with the details. They don't have it in their news section yet for whatever reason. They say everything is ok, just routine maintenance.

Maybe it's a good news... Preparing for distributed ICO coins?

Thanks, Found it... Pretty much something you would never see unless you happened to be hovering over that tab?  BTW: It's been close to 15 hours for me since my deposits didn't post. If it lasts 24 hours


That means something 10 million coins from a days worth of mining are going to hit the exchange and get dumped in a short time period. The price should crash some as soon as Crytpia's ETN deposits show up in the miners wallets.

This crash will give us a tiny idea how badly the price with crash when the ICO coins all hit the exchange.


The nets total Hash Rate 171MH/s
Daily profit estimated to: 10,915,398.49 ETN ($827,870.76)

I'm guessing the crash down will hit HARD at first as all coins will show up at the same time allowing the miners to all put them on the market right away and last a few hours and not recover 100% that day.

[cr$pto]

Is it still profitable to start mining ELECTRONEUM, and if it is on what hardware it's better to start ?

[sud]

ETN Miners,

Are others having problems with ETN deposits to Cryptopia showing up recently?  

Are they doing some type of unmentioned ETN Deposit maintenance?

I've sent Cryptopia over 1,000,000 ETN but my last two deposits don't even show up as pending and they have over 400 confirmations when I check the blockchain. It's been 15? hours now and yesterday morning it took hours for deposits to show up now nothing at all.

Also, It would partly explain the quick rise in ETN price. Without any new deposits from miners they can't deposit and dump them, as usual, causing a price increase and also causing a supply shortage.

Wallet currently under maintenance, this only happened recently. They say it will be back up soon and transactions will go through when it is working again. Nothing to worry about.

Where did you get news of this?  I searched everywhere Do you have a link? Thanks

Go into balances and hover the mouse over the wallet and it will show a popup with the details. They don't have it in their news section yet for whatever reason. They say everything is ok, just routine maintenance.

Maybe it's a good news... Preparing for distributed ICO coins?

Thanks, Found it... Pretty much something you would never see unless you happened to be hovering over that tab?  BTW: It's been close to 15 hours for me since my deposits didn't post. If it lasts 24 hours


That means something 10 million coins from a days worth of mining are going to hit the exchange and get dumped in a short time period. The price should crash some as soon as Crytpia's ETN deposits show up in the miners wallets.

This crash will give us a tiny idea how badly the price with crash when the ICO coins all hit the exchange.


The nets total Hash Rate 171MH/s
Daily profit estimated to: 10,915,398.49 ETN ($827,870.76)

I'm guessing the crash down will hit HARD at first as all coins will show up at the same time allowing the miners to all put them on the market right away and last a few hours and not recover 100% that day.

Yeah, it will be interesting to watch those orderbooks.

[TOPBILL]

Yeah, it will be interesting to watch those orderbooks.
[/quote]


I just noticed that ETN can be traded with BTC USDT NZDT LTC and DOGE  is that new and possibly the reason why they blocked deposits while getting that setup?

[jcarl987]

Yeah, it will be interesting to watch those orderbooks.

I just noticed that ETN can be traded with BTC USDT NZDT LTC and DOGE  is that new and possibly the reason why they blocked deposits while getting that setup?
[/quote]

Yeah looks that way. Pretty nice things to add, it means they must believe something about ETN.

[oserega1974]

who can tell when there will be a wallet windows