Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS

[Vault 101]

Is Bottlecaps still minable or have all the pools closed down ?

I see there is a maximum amount of coins that can be awarded per stake, is that to limit the annual inflation rate or have I misread ?

You can always solo mine if you have ASICs. I haven't checked for any pools lately, but if anyone knows of any please post them.

[Hilux74]

Is Bottlecaps still minable or have all the pools closed down ?

I see there is a maximum amount of coins that can be awarded per stake, is that to limit the annual inflation rate or have I misread ?

Yes that is a mechanism to both control inflation but more importantly its function is to increase network security.  Without a max reward/stake many people would just keep all their CAPs in a single large block to make life simple (ie open wallet once every 15days and get one stake, recombine into one block, close wallet).  By having max/stake people have to have many blocks so they do not go past the max stake.  Having many blocks competing for stake gives better security by higher difficulty (better security) and additional inflation control by CAPs method of decreasing reward % as difficulty rises.  With higher difficulty and smaller blocks it takes longer to get a stake so you keep your wallet open longer which also helps with peers etc. 

A pretty well designed system that works pretty well. 

[Belligerent Fool]

Is Bottlecaps still minable or have all the pools closed down ?

I see there is a maximum amount of coins that can be awarded per stake, is that to limit the annual inflation rate or have I misread ?

Yes that is a mechanism to both control inflation but more importantly its function is to increase network security.  Without a max reward/stake many people would just keep all their CAPs in a single large block to make life simple (ie open wallet once every 15days and get one stake, recombine into one block, close wallet).  By having max/stake people have to have many blocks so they do not go past the max stake.  Having many blocks competing for stake gives better security by higher difficulty (better security) and additional inflation control by CAPs method of decreasing reward % as difficulty rises.  With higher difficulty and smaller blocks it takes longer to get a stake so you keep your wallet open longer which also helps with peers etc.  

A pretty well designed system that works pretty well.  

That's what I thought, the capping of the Stake rewards is what is giving this coin a long life, other altcoins have come and gone that use the same kind of PoW/PoS hybridism but with massive stakes though this one has a developer that took over at the reigns that knows how to save things without causing total destruction.

[inspectorgadget]

Coinitrage.com Arbitrage Firm now accepts CAP!



Live chat support is now available on-site to CAP users, or forum support is also available on our BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=1725963.0

Please note that while we offer services with CAP, we are not directly affiliated with the developers of the coin. Please read our Terms of Service before using the Coinitrage Arbitrage Platform!

[ReydeApio]

Coinitrage.com Arbitrage Firm now accepts CAP!



Live chat support is now available on-site to CAP users, or forum support is also available on our BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=1725963.0

Please note that while we offer services with CAP, we are not directly affiliated with the developers of the coin. Please read our Terms of Service before using the Coinitrage Arbitrage Platform!

Well that escalated quickly - an arbitrage themed ponzi in the gambling section that's already imploded...Thats so crypto.

 BottleCaps Markets:

Cryptopia

• https://www.cryptopia.co.nz/Exchange/?market=CAP_BTC
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_LTC
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_DOGE
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_DOT
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_FTC
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_UNO
  
• https://www.cryptopia.co.nz/Exchange/?market=CAP_XMR
  

Nova exchange

• https://novaexchange.com/market/BTC_CAP/
  
• https://novaexchange.com/market/LTC_CAP/
  
• https://novaexchange.com/market/DOGE_CAP/
  
• https://novaexchange.com/market/ESP2_CAP/
  

[bitmaster1x]

Now, Market Making CAP on Cryptopia. 

[mmfiore]

I have tried to solo mine bottlecaps to no avail. I tried everything I could think of to get it to work. I set up my config file as stated on the first page. I opened the firewall on pc all the way. I went into the router and setup port forwarding for the pc ip and bottlecaps port. I tried multiple ways to connect to the wallet server but I can not connect. It says bad URL or user name password. I tried using sgminer on the same pc locally using GPU. No luck. I tried connecting from Titan miner through my wireless network. No luck. I am assuming at this point something is wrong with my config file but I don't know what it could be. I have it setup as shown on the first page. I use Ipconfig /all and use my local ip 192,168.x.x. Can some one help with a suggestion.
 

[mmfiore]

the comma was a typo should have been a .

Is there any pools that still let you mine BottleCaps?

[Woody20285]

Looks like CAPS has died a slow death
instead of going out with a bang!
So sorry CAP - RIP

[dnp]

Looks like CAPS has died a slow death
instead of going out with a bang!
So sorry CAP - RIP

slow wallets lead to slow deaths.
user experience is everything - if the experience sucks you wont get users.

personally i cant shake the suspicion its the gigantic near 2 GB blk and index file sizes.
while 'modern' windoze filesystems support very large files, i suspect something in the
windows or C runtime support internals gets very bogged down when dealing with large sizes.

be an interesting experiment to see if things speed up if the block/index files were limited
to say about a Half GB.

i havent noticed any other usable altcoin wallets using giant block files, perhaps there's a reason for it...

[Woody20285]

Looks like CAPS has died a slow death
instead of going out with a bang!
So sorry CAP - RIP

slow wallets lead to slow deaths.
user experience is everything - if the experience sucks you wont get users.

personally i cant shake the suspicion its the gigantic near 2 GB blk and index file sizes.
while 'modern' windoze filesystems support very large files, i suspect something in the
windows or C runtime support internals gets very bogged down when dealing with large sizes.

be an interesting experiment to see if things speed up if the block/index files were limited
to say about a Half GB.

i havent noticed any other usable altcoin wallets using giant block files, perhaps there's a reason for it...

DMD has about 1 GB but is lightning fast - they have upgrades
and are in the process of another major upgrade. Would be nice
to see a new developer come on and upgrade the core. There is still a huge community

[Woody20285]

Looks like CAPS has died a slow death
instead of going out with a bang!
So sorry CAP - RIP

slow wallets lead to slow deaths.
user experience is everything - if the experience sucks you wont get users.

personally i cant shake the suspicion its the gigantic near 2 GB blk and index file sizes.
while 'modern' windoze filesystems support very large files, i suspect something in the
windows or C runtime support internals gets very bogged down when dealing with large sizes.

be an interesting experiment to see if things speed up if the block/index files were limited
to say about a Half GB.

i havent noticed any other usable altcoin wallets using giant block files, perhaps there's a reason for it...

DMD has about 1 GB but is lightning fast - they have upgrades
and are in the process of another major upgrade. Would be nice
to see a new developer come on and upgrade the core. There is still a huge community

hmm, which verison of DMD is fast ? i'd love to see one.
2.1.0.4 is slow as fck, like many pos coins.
fast wallets (fast sync) in my scale are NLG, BLC, GRS etc

Sorry to hear that...I have no problem with DMD 2.1.0.4
Hopefully the 3.0 will be better for you.

Back to CAP... any interest from the community in getting this old coin back
on track??

[dnp]

Sorry to hear that...I have no problem with DMD 2.1.0.4
Hopefully the 3.0 will be better for you.

Back to CAP... any interest from the community in getting this old coin back
on track??

not sure if it's a problem but dmd syncs at exactly the same speed as cap (w7-64),
which is pretty far from user-friendly behavior,
i mean open the wallet after a month awol and get it ready in several minutes.
is it so OS/hardware dependent ? which one is yours ?

back to my original posting about giant file sizes under windoze. i just remembered when
doing an NTFS format, it will ask you if you plan on using big files -- and will adjust block sector
sizes (larger) accordingly. making the number of extents and block chasing less of an issue.
these files under caps definitely qualify as big files.
most filesystems use the default settings which are suboptimal for large files.
perhaps the default coin database file size should be determined after first checking the filesystem
as to what blocksize its formatted for?

[Woody20285]

A swap to a fresh chain would  solve that problem.

[shtako]

A swap to a fresh chain would  solve that problem.

How could this be done?

It is not easy to get new users with the slow sync and large blockchain. A new chain with updated code and a webpage could attract more people. I guess there is a lot of bottlecaps/fallout fans around. 

[bitmaster1x]

How could this be done?

It is not easy to get new users with the slow sync and large blockchain. A new chain with updated code and a webpage could attract more people. I guess there is a lot of bottlecaps/fallout fans around. 

Can't avoid blockchain bloat. Just look at bitcoin..

[BitcoinNational]

How could this be done?

It is not easy to get new users with the slow sync and large blockchain. A new chain with updated code and a webpage could attract more people. I guess there is a lot of bottlecaps/fallout fans around. 

Can't avoid blockchain bloat. Just look at bitcoin..

bump TRUTH see above ... CAPs want to launch a spinoff?  DAG chain?

also ... get on POSW ... 2 stake pools is near assurance CAP survives and thrives

[TomVelvetPaws]

I have been interested in this coin for quite sometime.

[Altcoinfanatic]

Looks like CAPS has died a slow death
instead of going out with a bang!
So sorry CAP - RIP

slow wallets lead to slow deaths.
user experience is everything - if the experience sucks you wont get users.

personally i cant shake the suspicion its the gigantic near 2 GB blk and index file sizes.
while 'modern' windoze filesystems support very large files, i suspect something in the
windows or C runtime support internals gets very bogged down when dealing with large sizes.

be an interesting experiment to see if things speed up if the block/index files were limited
to say about a Half GB.

i havent noticed any other usable altcoin wallets using giant block files, perhaps there's a reason for it...

DMD has about 1 GB but is lightning fast - they have upgrades
and are in the process of another major upgrade. Would be nice
to see a new developer come on and upgrade the core. There is still a huge community

hmm, which verison of DMD is fast ? i'd love to see one.
2.1.0.4 is slow as fck, like many pos coins.
fast wallets (fast sync) in my scale are NLG, BLC, GRS etc

What is BLC?
BTC and LTC are also fast.
Do you hold any NLG?

[noooze]

Is there any pools out there for caps ?

Have been looking around, as hash-to-coins and multipool does not like caps any more