[ANN] [CHC] Chaincoin - Network Upgrade 16.3 - SegWit Activated

[makemefly]

Chaincoin 0.9.2.5 - Maintenance release

This is a minor update to increase available seed nodes for new wallet users.

Binaries available from Github:

https://github.com/chaincoin/chaincoin/releases/tag/v0.9.2.5

The next update for Chaincoin is planned for end August. More details will be available in due course.

Should I update my wallet? I had it setup on Jul 15th

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[m33]

so no more hodlers , where is the wall at 0.00044. hmmm.... what do i do next ??

[Bittiboy]

Chaincoin dropped to 0.75$ for a short time.   I was hoping it to stay stable at 2$ and slowly rise. Why are people still selling it for so cheap?

[bitjamz]

Chaincoin dropped to 0.75$ for a short time.   I was hoping it to stay stable at 2$ and slowly rise. Why are people still selling it for so cheap?

panic sellers very emotionally weak people i only can say 

[Victory33]

I saw that ChainCoin got huge pump. That happened because of introducing masternodes? Really smart move

[lijoe408]

Then BTC should be the coin with the least value, because of it's inferior technology, when you compare it to other coins. But strangly, it is going up and up and up, and will continue so. Because of the community, it is driving it and accepting it and buying it.

That's not how this works.  BTC is the most utilized coin in Crypto today, it's utilized more than every other crypto combined.  Show me one vendor that accepts Chaincoin.

Inferior technology by what standard? People think bitcoin being slow to accept changes is some kind of hindrance.  No this is what will naturally happen to coin as it reaches bitcoins marketcap.  There's billions of dollars in it, this isn't some 1year old coin that has 1 dev who can influence and implement whatever he wants.

Bitcoin's transactional volume is hundreds of millions per day.  It's been tested through and through.  It's so easy for people to run around touting random alts and say they can do XYZ, have no problems, more secure etc, when they're not being utilized for anything at all.  

[lijoe408]

I saw that ChainCoin got huge pump. That happened because of introducing masternodes? Really smart move

It's always had master nodes I believe.  There were no new developments.  It got a huge pump, b/c a youtuber highoncoins instructed everyone of his followers to buy it and hold on the pretense that they are fighting a war to change the crypto landscape.

[bubislav]

Uh i had some CHC from loooong time before i forgot about it but here it is back and stronger then ever
Going to buy myself one nice t.bone

[TimC]

I saw that ChainCoin got huge pump. That happened because of introducing masternodes? Really smart move

It's always had master nodes I believe.  There were no new developments.  It got a huge pump, b/c a youtuber highoncoins instructed everyone of his followers to buy it and hold on the pretense that they are fighting a war to change the crypto landscape.

Master nodes were added around Feb 2016 and that is when I started to run my CHC master node. There were four to six running at the time for a few months then a few more were added. Not until last month is when the master node count exploded into the thousands.

Looking at my wallet I was solo mining CHC for a couple of weeks back in Jan 2015 and then solo mined for a day in June 2015. I also solo mined some blocks at launch and it seemed that I pool mined now and again through the years.

https://chc.masternodes.pro/
CHC LOCKED IN MASTERNODES
1,971,000 (13.08%)

[_javi_]

so sad for ppl investing in this coin at peak..

slack was sick, a horde of pumpers yelling HODL... (hold the bag while we dump on you)

[sotarules]

so sad for ppl investing in this coin at peak..

slack was sick, a horde of pumpers yelling HODL... (hold the bag while we dump on you)

No one on slack (neither Max nor Random) is dumping. Insiders are all HODL.  Random even showed his Cryptopia screen shot last night (he has about 3.7K CHC) and we will continue to HODL a build out masternodes.

I have five masternodes, and I finally think I have the magic formula to set them up and keep them running.  All of the money is slowly going into the masternodes.  We have almost 2,000 nodes!

This takes patience.  No immediate gratification will be had, and we're not going to piss on ourselves just because the price goes down, or up.

[silvermetal]

so sad for ppl investing in this coin at peak..

slack was sick, a horde of pumpers yelling HODL... (hold the bag while we dump on you)

Why do people not check the trust rate of this copy coin cloner when they invest in this coin...

https://bitcointalk.org/index.php?action=trust;u=198935

more than a year ago it was already known that he only creates pump and dump coins.

[gochc]

Im holding too, my average price is $2.75 ! havenot sold a single coin even when it was at $6.

i will try to set my masternodes tomorrow .


====

if you are considering CHC, its good time to buy in now, while its cheap. just invest what you can afford to lose.

that way u'll ride the gain without any stress

[sotarules]

Im holding too, my average price is $2.75 ! havenot sold a single coin even when it was at $6.

i will try to set my masternodes tomorrow .


====

if you are considering CHC, its good time to buy in now, while its cheap. just invest what you can afford to lose.

that way u'll ride the gain without any stress

That's right, what I did was take some ETH and BTS, some accounts that I was playing with, and bought CHC.  I have very little stress regarding CHC.  I do have a scary amount of BTS, that's far more stressful.

In a way, my disappointment on the CHC price drop is because I'm emotionally hoping that a community-driven coin will really work.  If this doesn't work, I will be sad, not so much because of the loss of money, but because of the destruction of an ideal.

However, I do strongly believe that CHC will come back.  This is just a test, and we may look back on it as our finest moment.

I predict that if CHC works, others will follow, and pump-and-HODL will become commonplace.

[OrangeP]

So are there any developers?
brakmic is only commiting useless stuff.

[amishpancake]

So I've now got 2 up and running MN and enough coins for a third. Im using vultr.com and have setup one server per MN. Are you guys running more than 1 MN per server, or do you have 1 server per MN?

[sotarules]

So I've now got 2 up and running MN and enough coins for a third. Im using vultr.com and have setup one server per MN. Are you guys running more than 1 MN per server, or do you have 1 server per MN?

I have been using a single server for each masternode.  I tried to consolidate all of them, and it didn't work out, at least not in my case.  By having each masternode on a single server using Amazon AWS type t2.nano (512MB) and 25GB drives, everything seems to be working.

I tried to use a technique mentioned on one of the DASH forums discussed here:

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867877

What I didn't realize (and this took some hacking) is that even when you consolidate wallets as documented, you still need to have the discrete masternodes running.   And this is tricky, because if you follow the instructions and you DON'T have the discrete masternodes running, it will appear, at least temporarily, that it is working.

The false-positive symptom is that your masternodes will appear in the return from chaindcoind masternode list as ENABLED (false).  This will last only about an hour and then they will be marked as EXPIRED and finally disappear.  This is because the network periodically tries to do some kind of transaction against the port.  

In theory, it could be possible set up each master node on the same machine with a different port number.  I was going down this path, but I found that running multiple copies of chaincoind (daemon) was using a lot of memory, so much that I'd have to upgrade to a much bigger machine to do it.  Also, I could not find a way to "share" the blockchain between the daemons (there may be a way but I could not find it).  This means that you have to make a copy of the .chaincoin directory for each daemon, and it gets messy.

TL;DR - it is easier and cleaner to run each masternode on a separate t2.nano instance.  Each one costs $4.95/month to run, so it is kind of like renting a Raspberry Pi.

BTW Generally speaking, almost everything documented in DASH works for Chaincoin as well, so it is a good trick, because native Chaincoin documentation is scarce.

OH PS: I have a great trick that came out of this effort.  I have five Chaincoin masternodes on AWS.  Each has its own wallet.dat file.  What I have done is export all of the wallet.dat private keys, then imported them into a consoldated wallet.dat file called masternodes.dat.  That consolidated wallet is now on my Windows machine used with Chaincoin-QT, the Windows client program.

When I imported the private keys, I imported them using importprivkey <key> <label> where <label> is the name of the Chaincoin AWS machine (e.g., Chaincoin 1, Chaincoin 2 and so on).

The result of this is that mined coins appear consolidated in the Chaincoin-QT transaction list as shown here:



Very nice.  So I can leave Chaincoin-QT up and monitor the mining activities without having to SSH into AWS.

[pueblos]

Can someone tell me why this coin should reach 100$ (or even raise to a new ATH in the near future)?

One can read about the strong hodl community, but where's this community now, the coin went trough  a massive pump&dump, backed by some youtubers and it seems to me that almost nobody is left anymore, besides the users which set up a master node. What is so special about this coin? Where is the strong hodl community now? Why should the average crypto user invest in CHC?

[amishpancake]

So I've now got 2 up and running MN and enough coins for a third. Im using vultr.com and have setup one server per MN. Are you guys running more than 1 MN per server, or do you have 1 server per MN?

I have been using a single server for each masternode.  I tried to consolidate all of them, and it didn't work out, at least not in my case.  By having each masternode on a single server using Amazon AWS type t2.nano (512MB) and 25GB drives, everything seems to be working.

I tried to use a technique mentioned on one of the DASH forums discussed here:

https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867877

What I didn't realize (and this took some hacking) is that even when you consolidate wallets as documented, you still need to have the discrete masternodes running.   And this is tricky, because if you follow the instructions and you DON'T have the discrete masternodes running, it will appear, at least temporarily, that it is working.

The false-positive symptom is that your masternodes will appear in the return from chaindcoind masternode list as ENABLED (false).  This will last only about an hour and then they will be marked as EXPIRED and finally disappear.  This is because the network periodically tries to do some kind of transaction against the port.  

In theory, it could be possible set up each master node on the same machine with a different port number.  I was going down this path, but I found that running multiple copies of chaincoind (daemon) was using a lot of memory, so much that I'd have to upgrade to a much bigger machine to do it.  Also, I could not find a way to "share" the blockchain between the daemons (there may be a way but I could not find it).  This means that you have to make a copy of the .chaincoin directory for each daemon, and it gets messy.

TL;DR - it is easier and cleaner to run each masternode on a separate t2.nano instance.  Each one costs $4.95/month to run, so it is kind of like renting a Raspberry Pi.

BTW Generally speaking, almost everything documented in DASH works for Chaincoin as well, so it is a good trick, because native Chaincoin documentation is scarce.

Thanks! I think I will continue having one server per MN then. Its only $6 per month with daily backup, and I also think that I spread the risk of hacking with different servers.  

[sotarules]

Thanks! I think I will continue having one server per MN then. Its only $6 per month with daily backup, and I also think that I spread the risk of hacking with different servers.  

Right on.  Oh, one more thing that is good about separate server: with AWS, I can easily make an AMI (Amazon Media Image) of the Chaincoin server, then launch new instances.  This is like cloning.  So when I get more CHC, I'll just spin up another instance by cloning the AMI.  All I need to do is edit the chaincoin.conf file to put in the IP address and voila, another node.  No need to go through all the hassle of compiling the C++ code (make) and so on.

In my case, I'm saving money now by NOT allocating Amazon Elastic IP addresses.  The downside of this is if I stop the servers, the IP address may be reassigned, but since I leave them running 24X7 this isn't a problem.