Historic Cryptogenic Bullion thread - CLOSED

[Lauda]

There isn't pretty much any resistance to 0.01 

[1715049936]

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[1715049936]

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[1715049936]

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[1715049936]

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[1715049936]

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[miffman]

the price of CB would need to move up to almost a dollar to surpass the market cap of Terracoin. By the end of the year this will happen?

[Lauda]

the price of CB would need to move up to almost a dollar to surpass the market cap of Terracoin. By the end of the year this will happen?

8    Terracoin                   $ 619,321
9    CryptogenicBullion     $ 293,573

Considering the growth that we had over the last 10-14 days(?), I think that it is possible that we might reach this even sooner.

[Majormax]

the price of CB would need to move up to almost a dollar to surpass the market cap of Terracoin. By the end of the year this will happen?

Possibly 0.75 by the end of the year. I would think CGB could be $1 by middle of next year.

[Lauda]

the price of CB would need to move up to almost a dollar to surpass the market cap of Terracoin. By the end of the year this will happen?

Possibly 0.75 by the end of the year. I would think CGB could be $1 by middle of next year.

It's already reaching 0.40 

[Majormax]

the price of CB would need to move up to almost a dollar to surpass the market cap of Terracoin. By the end of the year this will happen?

Possibly 0.75 by the end of the year. I would think CGB could be $1 by middle of next year.

It's already reaching 0.40 

Maybe, but I fully expect to be buying some more at 0.35 in the next few weeks.

[miffman]

http://finance.yahoo.com/news/rare-interest-bearing-bitcoin-alternative-091800738.html


 

[Killiz]

http://finance.yahoo.com/news/rare-interest-bearing-bitcoin-alternative-091800738.html


 

 

[Majormax]

Block reward:

Perhaps someone can clarify: When is the next Reward halving ? First happened after 55k blocks,2nd after 95k blocks.

[elambert]

Block reward:

Perhaps someone can clarify: When is the next Reward halving ? First happened after 55k blocks,2nd after 95k blocks.

Block reward halves again after block 145k. Block # 145,001 will be 1.25 CGB. Here is the schedule:

[Timelord2067]

http://finance.yahoo.com/news/rare-interest-bearing-bitcoin-alternative-091800738.html

 

Greetings,

I've been mining CGB through the http://ConiEx.pw website and then transferring the resulting coins to my wallet.

Just a quick couple of questions about the Proof of Stake, by receiving the CGB does that mean I've proved I have them in my wallet? and does that then mean the clock starts for the 2% 'interest' - when is that paid eg daily after the 30days have elapsed or yearly?  Do I need to keep my wallet open non-stop to ensure the stake is verified?

I read most of this ---> https://en.bitcoin.it/wiki/Proof_of_Stake which seemed to talk about coins 'evaporating' for want of a better description if the wallet isn't kept open, am I miss understanding this?

(My apologies if these questions are a little dense, I'm still fairly new to all of this)

Regards,

[mercSuey]

http://finance.yahoo.com/news/rare-interest-bearing-bitcoin-alternative-091800738.html

 

Greetings,

I've been mining CGB through the http://ConiEx.pw website and then transferring the resulting coins to my wallet.

Just a quick couple of questions about the Proof of Stake, by receiving the CGB does that mean I've proved I have them in my wallet? and does that then mean the clock starts for the 2% 'interest' - when is that paid eg daily after the 30days have elapsed or yearly?  Do I need to keep my wallet open non-stop to ensure the stake is verified?

I read most of this ---> https://en.bitcoin.it/wiki/Proof_of_Stake which seemed to talk about coins 'evaporating' for want of a better description if the wallet isn't kept open, am I miss understanding this?

(My apologies if these questions are a little dense, I'm still fairly new to all of this)

Regards,

No apology necessary.  This is not easy stuff to learn for the first timer.  

First thing, please encrypt your wallet if you haven't already.  Try to choose a long password with a mix of numbers and letters and if necessary save it in a text file which is saved on an external flash drive for safe keeping.  Then back up your wallet in an external drive (could be the same drive that holds your text file of your password), by going to File->backup wallet.

So to answer your questions, you start accumulating interest after the coins have stayed in your wallet for 30 days.  The clock starts ticking as soon as it's deposited.  But in order to collect interest, your wallet need to be running and unlocked.  You'll see when you encrypted your wallet that you basically locked your wallet, and you can see the message at the bottom of the wallet saying "Info:  Minting suspended due to locked wallet."  So what you want to do is go to Help->Debug window and click on the console tab.  And then type this in the command line:  walletpassphrase *password* 99999
where *password* is obviously replaced with your actual password.  The 99999 means your wallet will stay unlocked for 99999 seconds (that's a lot).  Note, your wallet stays encrypted so that a password is still necessary to withdraw coins.

Don't hesitate to ask any questions.  That's what we're here for.

Cheers!

-Merc

EDIT:  I forgot to mention that if you lose your password then you will lose all your coins!  So please have some way to get your password if you forget it.

[mercSuey]

http://finance.yahoo.com/news/rare-interest-bearing-bitcoin-alternative-091800738.html

 

Greetings,

I've been mining CGB through the http://ConiEx.pw website and then transferring the resulting coins to my wallet.

Just a quick couple of questions about the Proof of Stake, by receiving the CGB does that mean I've proved I have them in my wallet? and does that then mean the clock starts for the 2% 'interest' - when is that paid eg daily after the 30days have elapsed or yearly?  Do I need to keep my wallet open non-stop to ensure the stake is verified?

I read most of this ---> https://en.bitcoin.it/wiki/Proof_of_Stake which seemed to talk about coins 'evaporating' for want of a better description if the wallet isn't kept open, am I miss understanding this?

(My apologies if these questions are a little dense, I'm still fairly new to all of this)

Regards,

I forgot to mention that there is slight variability when you get interest, but it's basically monthly.  You will see for yourself soon enough.  It was cooler than bubblegum the first time I collected interest way back when. 

-Merc

[Killiz]

Also If you use a phrase or a sentence as your password and have spaces between words or letters, you need to put an Apostrophe at both ends else you will get the error code- Error: Error parsing JSON

e.g. walletpassphrase 'your pass phrase' 99999 true

[mercSuey]

Also If you use a phrase or a sentence as your password and have spaces between words or letters, you need to put an Apostrophe at both ends else you will get the error code- Error: Error parsing JSON

e.g. walletpassphrase 'your pass phrase' 99999 true

Thanks, bud.  I also forgot to mention one very, very, very, very important thing.  If you lose your password and can't recall what it was and don't have any way of getting it then you LOSE ALL YOUR COINS.  So please keep your password handy.

-Merc

[Majormax]

Block reward:

Perhaps someone can clarify: When is the next Reward halving ? First happened after 55k blocks,2nd after 95k blocks.

Block reward halves again after block 145k. Block # 145,001 will be 1.25 CGB. Here is the schedule:

Thanks for that. I see now it is just a variation in the groups of block numbers (from 50000) required to mine precisely 1m coins.

[miffman]

7.5 months to go before subsidy is at it's lowest. (right?) I'm sure the price will be through the roof by then 

[FinShaggy]

Are there ways to earn this coin without mining, maybe by writing?

[FinShaggy]

I am also willing to share links and make YouTube videos or anything else.

[Majormax]

7.5 months to go before subsidy is at it's lowest. (right?) I'm sure the price will be through the roof by then 

It's more like 5 months. The halving of reward is coming every three weeks atm.