Historic Cryptogenic Bullion thread - CLOSED

[elambert]

A picture is worth a thousand words 

[1715251158]

1715251158

[1715251158]

1715251158

[Lauda]

There isn't pretty much any big amount that is on the sell side right now 

[Majormax]

There isn't pretty much any big amount that is on the sell side right now 

Yes, but if there was, we could infer the price to be stronger.

That is the irony of the market book...A big sell-side gives credence to the price underpinning it... The market looks thin in classical terms, but this is an interesting experiment in accelerated mining subsidy reduction, a stable coin control, and PoS.

We shall see the results in a few months. I am sure the capable development team realise that a widespread desire to hold and use the coin needs constant incentive.

[mercSuey]

There isn't pretty much any big amount that is on the sell side right now  

Yes, but if there was, we could infer the price to be stronger.

That is the irony of the market book...A big sell-side gives credence to the price underpinning it... The market looks thin in classical terms, but this is an interesting experiment in accelerated mining subsidy reduction, a stable coin control, and PoS.

We shall see the results in a few months. I am sure the capable development team realise that a widespread desire to hold and use the coin needs constant incentive.

There is a subtle balance between being a storage medium of value and a liquid currency.  We're constantly trying to find that sweet spot, but we have marketed CB as something that tends to be more rare storage of value than currency.  I think things will be much more clear in the next 1 - 3 months as we start to roll out our project initiatives.  And you can stay in touch with these initiatives on our blog at http://CryptogenicBullion.org/blog.html.


-Merc

[Majormax]

There is a subtle balance between being a storage medium of value and a liquid currency.  We're constantly trying to find that sweet spot, but we have marketed CB as something that tends to be more rare storage of value than currency.  I think things will be much more clear in the next 1 - 3 months as we start to roll out our project initiatives.  And you can stay in touch with these initiatives on our blog at http://CryptogenicBullion.org/blog.html.


-Merc

You certainly seem to have some understanding, as well as (even more importantly) an ability to adapt and learn from real-time evolution.
 There are a surprisingly large number of seemingly insignificant factors which can have huge effects on the life of a coin at sensitive stages.

[Killiz]

New all time high reached




Edit: just noticed it went to 0.005 briefly when first hit cryptsy nice pic though anyways haha

Edit2: All time high in Dollar value, wow $0.53 http://coinmarketcap.com/

[miffman]

When the CGB PoW went from 5 to 2.5 the price pretty much doubled over the coming weeks.
I'd like to see the same now as CGB becomes harder to mine, or rather there are fewer coins in return for the mining.

A wild guess? 0,0040 BTC in 2 weeks?

2 weeks?? More like couple of hours

[110110101]

When the CGB PoW went from 5 to 2.5 the price pretty much doubled over the coming weeks.
I'd like to see the same now as CGB becomes harder to mine, or rather there are fewer coins in return for the mining.

A wild guess? 0,0040 BTC in 2 weeks?

2 weeks?? More like couple of hours

Yeah, well good thing I was wrong

[Timelord2067]

Have started to see CGB move from balance to "stake" balance.

I had five transactions (all < 1.0 each and <1.0 total) from more than 30days ago, I got two "mining" payments this week (both <0.0x) , none of the coins moved across, but then after 34 days a 10.15 and a corresponding 0.09938 "mining" both jumped across to the "stake" balance.

Will be watching to see how the remainder of the coins go - just one question, is there a new block 'mined' for the 10.15 'stake' and would I be correct to assume unlike the 10, 5, 2.5, 1.25 payouts, this block netted the 0.09938

That was yesterday - today the whole balance is back to the "balance" with zero in the "stake" - is this right?

One last question, is the fractions only to six decimal places?

Thanks,

[mercSuey]

Have started to see CGB move from balance to "stake" balance.

I had five transactions (all < 1.0 each and <1.0 total) from more than 30days ago, I got two "mining" payments this week (both <0.0x) , none of the coins moved across, but then after 34 days a 10.15 and a corresponding 0.09938 "mining" both jumped across to the "stake" balance.

Yep, after 30 days in a wallet coins become eligible for stake rewards.

Will be watching to see how the remainder of the coins go - just one question, is there a new block 'mined' for the 10.15 'stake' and would I be correct to assume unlike the 10, 5, 2.5, 1.25 payouts, this block netted the 0.09938

Correct.  This PoS block will be added to the blockchain along with all previous PoW and PoS blocks.

You could see this on the block explorer but we're migrating servers and resources to new nodes and it's currently down.  It should be back up by the end of the weekend.  The url for the explorer is here:  http://explorer.cryptogenicbullion.org

That was yesterday - today the whole balance is back to the "balance" with zero in the "stake" - is this right?

One last question, is the fractions only to six decimal places?

Thanks,

This is right.  You should see in your transactions 'mined' values as well.

Decimals are up to eight decimal places.  Called one satoshi:  http://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi

You're very welcome!


-Merc

[Killiz]

Amazonia Imports supports traditional culture and customs in the Amazon region of South America

Tribal pipes made of bone, fang, snakeskin, shells, and Alpaca Silver. Palo Santo incense used in ayuahuasca ceremonies.

We accept CryptogenicBullion!

$10 flat fee world wide shipping. Free shipping on all orders over $100, and free shipping within Australia.

Some weird and wonderful stuff 

Thanks for adding.

[mercSuey]

Amazonia Imports supports traditional culture and customs in the Amazon region of South America

Tribal pipes made of bone, fang, snakeskin, shells, and Alpaca Silver. Palo Santo incense used in ayuahuasca ceremonies.

We accept CryptogenicBullion!

$10 flat fee world wide shipping. Free shipping on all orders over $100, and free shipping within Australia.

Thanks for your support!  Updated services page:  http://cryptogenicbullion.org/services.html


-Merc

[Killiz]

Have started to see CGB move from balance to "stake" balance.

I had five transactions (all < 1.0 each and <1.0 total) from more than 30days ago, I got two "mining" payments this week (both <0.0x) , none of the coins moved across, but then after 34 days a 10.15 and a corresponding 0.09938 "mining" both jumped across to the "stake" balance.

Will be watching to see how the remainder of the coins go - just one question, is there a new block 'mined' for the 10.15 'stake' and would I be correct to assume unlike the 10, 5, 2.5, 1.25 payouts, this block netted the 0.09938

That was yesterday - today the whole balance is back to the "balance" with zero in the "stake" - is this right?

One last question, is the fractions only to six decimal places?

Thanks,

In your client click on, help- debug window- console, then type in listaddressgroupings. This will give you a list of every address used by your client to store your funds.

Each address and balance qualifies for stake separately after 30 days. This is why it may seem like random amounts are being held as stake.

I also use this action if I need to send some funds, so not to disturb multiple addresses which your client probably will do if done the normal way.

I listaddressgroupings then I choose an address from the list, type - sendfrom <theaddresschosen> <theaddressI'msendingto> <amount>.

[mercSuey]

Hi,

Although I've got more housekeeping to do with one of our new nodes, I wanted to bring the block explorer back now rather than later.  I'll set up a FastCGI explorer later and make it the primary explorer and this explorer will eventually be a backup: 

http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion


Cheers!

-Merc

[elambert]

Hi,

Although I've got more housekeeping to do with one of our new nodes, I wanted to bring the block explorer back now rather than later.  I'll set up a FastCGI explorer later and make it the primary explorer and this explorer will eventually be a backup: 

http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion


Cheers!

-Merc

Great news! Thank you for squeezing this project into your queue Merc!!!

[Timelord2067]

Have started to see CGB move from balance to "stake" balance.

I had five transactions (all < 1.0 each and <1.0 total) from more than 30days ago, I got two "mining" payments this week (both <0.0x) , none of the coins moved across, but then after 34 days a 10.15 and a corresponding 0.09938 "mining" both jumped across to the "stake" balance.

Will be watching to see how the remainder of the coins go - just one question, is there a new block 'mined' for the 10.15 'stake' and would I be correct to assume unlike the 10, 5, 2.5, 1.25 payouts, this block netted the 0.09938

That was yesterday - today the whole balance is back to the "balance" with zero in the "stake" - is this right?

One last question, is the fractions only to six decimal places?

Thanks,

In your client click on, help- debug window- console, then type in listaddressgroupings. This will give you a list of every address used by your client to store your funds.

Each address and balance qualifies for stake separately after 30 days. This is why it may seem like random amounts are being held as stake.

I also use this action if I need to send some funds, so not to disturb multiple addresses which your client probably will do if done the normal way.

I listaddressgroupings then I choose an address from the list, type - sendfrom <theaddresschosen> <theaddressI'msendingto> <amount>.

Many thanks to the people who've taken the time to reply - I appreciate your feedback.

I was already aware of the eight decimal laces, however, my CGB mining/ transfers have all been to six decimal places (the whole lot) so I wasn't sure if it was some uncanny quirk or it was intentional at six decimal places.

I did the listaddressgroupings as reccommended and got something unusual, there were two addresses listed, the first lists the balance as it is, while the second address has some "dust" in it.

Now I have in my one wallet a couple of addresses 5a... 5b... 5c... and 5d... - only this one found in the listaddressgroupings is a 5z... Still not sure how that happened, but hey, more coins is good right?

(5a was created with the wallet, 5b is to transfer from ConEx.PW 5c is a public donation address and 5d is a spare address) - where 5z fits in I have no idea...

[Killiz]

Have started to see CGB move from balance to "stake" balance.

I had five transactions (all < 1.0 each and <1.0 total) from more than 30days ago, I got two "mining" payments this week (both <0.0x) , none of the coins moved across, but then after 34 days a 10.15 and a corresponding 0.09938 "mining" both jumped across to the "stake" balance.

Will be watching to see how the remainder of the coins go - just one question, is there a new block 'mined' for the 10.15 'stake' and would I be correct to assume unlike the 10, 5, 2.5, 1.25 payouts, this block netted the 0.09938

That was yesterday - today the whole balance is back to the "balance" with zero in the "stake" - is this right?

One last question, is the fractions only to six decimal places?

Thanks,

In your client click on, help- debug window- console, then type in listaddressgroupings. This will give you a list of every address used by your client to store your funds.

Each address and balance qualifies for stake separately after 30 days. This is why it may seem like random amounts are being held as stake.

I also use this action if I need to send some funds, so not to disturb multiple addresses which your client probably will do if done the normal way.

I listaddressgroupings then I choose an address from the list, type - sendfrom <theaddresschosen> <theaddressI'msendingto> <amount>.

Many thanks to the people who've taken the time to reply - I appreciate your feedback.

I was already aware of the eight decimal laces, however, my CGB mining/ transfers have all been to six decimal places (the whole lot) so I wasn't sure if it was some uncanny quirk or it was intentional at six decimal places.

I did the listaddressgroupings as reccommended and got something unusual, there were two addresses listed, the first lists the balance as it is, while the second address has some "dust" in it.

Now I have in my one wallet a couple of addresses 5a... 5b... 5c... and 5d... - only this one found in the listaddressgroupings is a 5z... Still not sure how that happened, but hey, more coins is good right?

(5a was created with the wallet, 5b is to transfer from ConEx.PW 5c is a public donation address and 5d is a spare address) - where 5z fits in I have no idea...

Sometimes when you make transactions your client will automatically create new addresses and split your funds between them. Why it does this I have no idea, maybe someone else can explain this.
This is why I recommend manually sending from a particular address, as one of your addresses may have a larger amount of funds held in it which you don't want disturbing, because from what I understand, stake will be reset to zero days if your wallet moves funds from it.

Edit: Or you may have multiple funded addresses, all ranging from 0-30 days that you don't want to spend from.

[Majormax]

Sometimes when you make transactions your client will automatically create new addresses and split your funds between them. Why it does this I have no idea, maybe someone else can explain this.
This is why I recommend manually sending from a particular address, as one of your addresses may have a larger amount of funds held in it which you don't want disturbing, because from what I understand, stake will be reset to zero days if your wallet moves funds from it.

This is because an 'Input' amount of coins in the (or any) blockchain cannot be partially spent. Each incoming transaction in your wallet addresses is treated by the blockchain as a separate unit. You can send one (or more) out in total, and receive 'change ' if needed, in a separate address. If you wish to spend coins exactly matching some combination of your original inputs, the 'change' address is not required.

[Killiz]

Sometimes when you make transactions your client will automatically create new addresses and split your funds between them. Why it does this I have no idea, maybe someone else can explain this.
This is why I recommend manually sending from a particular address, as one of your addresses may have a larger amount of funds held in it which you don't want disturbing, because from what I understand, stake will be reset to zero days if your wallet moves funds from it.

This is because an 'Input' amount of coins in the (or any) blockchain cannot be partially spent. Each incoming transaction in your wallet addresses is treated by the blockchain as a separate unit. You can send one (or more) out in total, and receive 'change ' if needed, in a separate address. If you wish to spend coins exactly matching some combination of your original inputs, the 'change' address is not required.

I see, thanks for explaining that Majormax

[Timelord2067]

Sometimes when you make transactions your client will automatically create new addresses and split your funds between them. Why it does this I have no idea, maybe someone else can explain this.
This is why I recommend manually sending from a particular address, as one of your addresses may have a larger amount of funds held in it which you don't want disturbing, because from what I understand, stake will be reset to zero days if your wallet moves funds from it.

This is because an 'Input' amount of coins in the (or any) blockchain cannot be partially spent. Each incoming transaction in your wallet addresses is treated by the blockchain as a separate unit. You can send one (or more) out in total, and receive 'change ' if needed, in a separate address. If you wish to spend coins exactly matching some combination of your original inputs, the 'change' address is not required.

I see, thanks for explaining that Majormax

My thanks again to all who replied - that makes sense and could explain indirectly the six decimal places observation that I had about the transactions.