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

[Gonnabetya]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

It's happening at the moment.

Some people can not wait and HOLD. They want to cash while they can. In theory it is possible to reach the mentioned $100,- if everybody HOLDS and does not DUMP before $100,-. Coin value is going up exponential, but the question is: what happens when the mentioned 100 dollars wil be reached. Will everbody want to DUMP all at the same time? Resulting in the coinvalue to take a massive dive and some people getting the full profits and some don't...

It is tricky.

[danspasiva]

so guys.

Suprnova or Yiimpy?  Which one is more reliable pool to mine on?

I am using Supernova

I am too but my hashrate on suprnova is basically half of what my reported hashrate is.  Anyone have better luck at Yiimpy?

[sotarules]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

It's happening at the moment.

Some people can not wait and HOLD. They want to cash while they can. In theory it is possible to reach the mentioned $100,- if everybody HOLDS and does not DUMP before $100,-. Coin value is going up exponential, but the question is: what happens when the mentioned 100 dollars wil be reached. Will everbody want to DUMP all at the same time? Resulting in the coinvalue to take a massive dive and some people getting the full profits and some don't...

It is tricky.

I think that if the price is $100, then everyone with a masternode is going to think twice before selling, because the masternodes will be generating boatloads of cash.  This will keep a lot of coins locked up.  So in theory you'll see a much more controlled distribution instead of a crash.

[Sergejnoob]

The Reward System is changing to

Masternodes 45 / Miner 45 /  Dev 10


That was a reason for me to sell all my CHC.

Now i regrad selling my masternode for 70 dollar... damn

[Shalafi]

WOW chain is doing pretty good.. i am a happy camper..
Can someone tell is this pump and hold or are there some real news that justify this rocket?
thanks..

Watch HighOnCoins (Max), Chaincoin is special because (1) it allows masternodes and (2) there is a meme-style agreement that no one sells until the coin reaches $100.00 or more.  What is amazing is it seems like it is working, everyone is complying so the coin is going up.  This is kind of like the DOGE phenomenon.  I love this, we nerdy types can HODL together and we make the price go up, slowly but surely.

I follow him as well. Which is why i got into the coin. I am shooting for a masternode but started mining yesterday. Might set my Zcash rig up to mine CHC tonight.

I have two nodes both on Amazon AWS, they're both t2.nano which is tantamount to renting Raspberry Pis from Amazon.  I know I can combine them, but they're inexpensive, so I'm putting off the configuration hassles to combine them.  

One tip that may seem obvious to everyone, Chaincoin is a DASH fork, so you can get a lot of helpful information by looking at DASH-related posts.

Oh BTW another tip: so I have two AWS t2.nano instances running Chaincoin daemon on Ubuntu 16.04, so it dawned on me that I want to copy the wallet.dat files to ensure that my coins are safe.  So, I've copied both wallet.dat files to my Windows machine.  Then it dawned on me: I installed Chaincoin-QT (Windows client) using the copied wallet.dat files, and voila!  I can monitor the masternode earnings from Windows without having to SSH into the t2.nano instances.

To make this easier, I have two windows shortcuts, one for each wallet file.  You can specify which wallet.dat file to use with the -wallet command line parameter (e.g., F:\Chaincoin\chaincoin-0.9.2.4-win64\chaincoin-qt.exe -wallet=chaincoin2.dat)

This exemplifies one of the big misnomers in Bitcoin: they should not have called it wallet.dat, because that implies that the wallet carries balances.  IMHO they should have called it keyring.dat, because it really holds the private keys (the blockchain carries the balances).  So what I'm doing here is copying my keyrings to my Windows machine.

Actually chaincoin is a fork of zetacoin. Chaincoin was the first to use 11 hashing algos chained together. Dashes x11 is similar to chaincoins c11 the hashes are just in different order.

[sotarules]

WOW chain is doing pretty good.. i am a happy camper..
Can someone tell is this pump and hold or are there some real news that justify this rocket?
thanks..

Watch HighOnCoins (Max), Chaincoin is special because (1) it allows masternodes and (2) there is a meme-style agreement that no one sells until the coin reaches $100.00 or more.  What is amazing is it seems like it is working, everyone is complying so the coin is going up.  This is kind of like the DOGE phenomenon.  I love this, we nerdy types can HODL together and we make the price go up, slowly but surely.

I follow him as well. Which is why i got into the coin. I am shooting for a masternode but started mining yesterday. Might set my Zcash rig up to mine CHC tonight.

I have two nodes both on Amazon AWS, they're both t2.nano which is tantamount to renting Raspberry Pis from Amazon.  I know I can combine them, but they're inexpensive, so I'm putting off the configuration hassles to combine them.  

One tip that may seem obvious to everyone, Chaincoin is a DASH fork, so you can get a lot of helpful information by looking at DASH-related posts.

Oh BTW another tip: so I have two AWS t2.nano instances running Chaincoin daemon on Ubuntu 16.04, so it dawned on me that I want to copy the wallet.dat files to ensure that my coins are safe.  So, I've copied both wallet.dat files to my Windows machine.  Then it dawned on me: I installed Chaincoin-QT (Windows client) using the copied wallet.dat files, and voila!  I can monitor the masternode earnings from Windows without having to SSH into the t2.nano instances.

To make this easier, I have two windows shortcuts, one for each wallet file.  You can specify which wallet.dat file to use with the -wallet command line parameter (e.g., F:\Chaincoin\chaincoin-0.9.2.4-win64\chaincoin-qt.exe -wallet=chaincoin2.dat)

This exemplifies one of the big misnomers in Bitcoin: they should not have called it wallet.dat, because that implies that the wallet carries balances.  IMHO they should have called it keyring.dat, because it really holds the private keys (the blockchain carries the balances).  So what I'm doing here is copying my keyrings to my Windows machine.

Actually chaincoin is a fork of zetacoin. Chaincoin was the first to use 11 hashing algos chained together. Dashes x11 is similar to chaincoins c11 the hashes are just in different order.

Shalafi, thanks for the correction, I see that you're right about this being a fork of zetacoin.  I was tricked by the "About Chaincoin Core" box where they show the copyright giving credit to Dash Core Developers. 

[roidudisco]

In a week my masternodes bring me an extra monthly salary.
Then imagine in a month. It is concrete. Everyone wins.

[jhood2880]

so guys.

Suprnova or Yiimpy?  Which one is more reliable pool to mine on?

I am using Supernova

I am too but my hashrate on suprnova is basically half of what my reported hashrate is.  Anyone have better luck at Yiimpy?

What are you using to Hash? CPU GPU? What is your hashrate? I have a Asus RX 480 8GB oc and i am only getting 6-7MH/s
I am going to look at setting up my Zcash mining rig(2 MSI 1070 8GB's) tonight and see what it hashes at.

[fr2020]

I started one master node through AMAZON AWS and was working for two days (10 coins given)  then suddenly stopped. I am not able to figure out the problem and able to start again. I am trying through chaincoind masternode start command but not working and no message is coming. Now I have to give this comand as Start chaincoind "chaincoind --daemon to start again or any thing else. How I can also recover my wallet and chain coins at this stage when not working.

[jhood2880]

I started on master node on AMAZON AWS and was working for two days (10 coins given)  then suddenly stopped. I am not able to figure out the problem and able to start again. I am trying through chaincoind masternode start command but not working and no message is coming. Now I have to give this comand as Start chaincoind "chaincoind --daemon to start again or any thing else. How I can also recover my wallet and chain coins at this stage when not working.

Is there a reason you didnt set up a Raspberry Pi masternode? (Just asking)

[sotarules]

I started on master node on AMAZON AWS and was working for two days (10 coins given)  then suddenly stopped. I am not able to figure out the problem and able to start again. I am trying through chaincoind masternode start command but not working and no message is coming. Now I have to give this comand as Start chaincoind "chaincoind --daemon to start again or any thing else. How I can also recover my wallet and chain coins at this stage when not working.

FR2020 be sure to do this:

tail -F ~/.chaincoin/debug.log

So you can see the latest messages.  You may find clues as to what is wrong (maybe nothing).  If you reboot your OS, you will have to execute:

chaincoind -daemon

Again to start the daemon.  

One thing that I've proven is you can copy your wallet.dat file to a different operating system, say for example Windows, then use that with Chaincoin-QT (the Windows client program).  Voila!  You'll have access to your Chaincoins.  See my prior posts on this forum about how to do that.

[Panda Trump]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

"As long as everyone HODL and doesn't act selfishly, we all win."

1. People will act selfishly. You must remember that people aren't joining this to help others... They are joining this to make themselves some extra money.
2. We don't all win. That's nonsense. After a certain milestone has been reached, everyone will sell. And if everyone sells, that means the price goes down. That also means that the last ones to buy before the big dump will be losing a lot of money!
3. No one knows when the dump is going to come. It could be at $5 already.. or at $10. It could just aswell last till $100, but I'd highly doubt that.

It's a good idea, but it's not waterproof.

Regards,
Trump

[CuriousInvestor]

Is this project in anyway related to this company?
https://chain.com/

If it isn't, then dam that is some good free marketing.

[Metros]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

"As long as everyone HODL and doesn't act selfishly, we all win."

1. People will act selfishly. You must remember that people aren't joining this to help others... They are joining this to make themselves some extra money.
2. We don't all win. That's nonsense. After a certain milestone has been reached, everyone will sell. And if everyone sells, that means the price goes down. That also means that the last ones to buy before the big dump will be losing a lot of money!
3. No one knows when the dump is going to come. It could be at $5 already.. or at $10. It could just aswell last till $100, but I'd highly doubt that.

It's a good idea, but it's not waterproof.

Regards,
Trump

Sadly, true.

[uDwcHYO]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

It's happening at the moment.

Some people can not wait and HOLD. They want to cash while they can. In theory it is possible to reach the mentioned $100,- if everybody HOLDS and does not DUMP before $100,-. Coin value is going up exponential, but the question is: what happens when the mentioned 100 dollars wil be reached. Will everbody want to DUMP all at the same time? Resulting in the coinvalue to take a massive dive and some people getting the full profits and some don't...

It is tricky.

I think that if the price is $100, then everyone with a masternode is going to think twice before selling, because the masternodes will be generating boatloads of cash.  This will keep a lot of coins locked up.  So in theory you'll see a much more controlled distribution instead of a crash.

seems like this rising not spontaneously, and done for a specific purpose, to make money

[Shalafi]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

"As long as everyone HODL and doesn't act selfishly, we all win."

1. People will act selfishly. You must remember that people aren't joining this to help others... They are joining this to make themselves some extra money.
2. We don't all win. That's nonsense. After a certain milestone has been reached, everyone will sell. And if everyone sells, that means the price goes down. That also means that the last ones to buy before the big dump will be losing a lot of money!
3. No one knows when the dump is going to come. It could be at $5 already.. or at $10. It could just aswell last till $100, but I'd highly doubt that.

It's a good idea, but it's not waterproof.

Regards,
Trump

True, but it might be that being able to get passive income from the masternodes prevents this to a great degree. Dumps will certainly occur, but it might be that no catastrophic dive gets to happen. I could sell my masternode now for 3 grand, but if i hold on to it it makes me hundred dollars a month and I still have the coin. I'd have to be certain it's gonna not only dive down in price but downright die to sell.

Roli is working on a codebase update and said he is thinking about changing the block distribution to 35 mn/65 miner/0 dev. This is about to go viral. It is quite likely another exchange will pick CHC up...

All things concidered I don't mind loosing my chance to cash out cause if this thing goes up I have a very well paying PASSIVE income.

[sotarules]

seems like another big dump is incoming :O

I know everyone is shell-shocked because that is the standard pattern: pump-and-dump.  But this is the new paradigm: pump-and-HODL.  If you think about it, there isn't any reason that this can't work.  Together we'll keep the coins scarce, everyone wins.  This is like the Prisoner's Dilemma in game theory.  As long as everyone HODL and doesn't act selfishly, we all win.

"As long as everyone HODL and doesn't act selfishly, we all win."

1. People will act selfishly. You must remember that people aren't joining this to help others... They are joining this to make themselves some extra money.
2. We don't all win. That's nonsense. After a certain milestone has been reached, everyone will sell. And if everyone sells, that means the price goes down. That also means that the last ones to buy before the big dump will be losing a lot of money!
3. No one knows when the dump is going to come. It could be at $5 already.. or at $10. It could just aswell last till $100, but I'd highly doubt that.

It's a good idea, but it's not waterproof.

Regards,
Trump

Granted, I think what you're saying is true, but we have an advantage here.  This is Prisoner's Dilemma, writ large, but with a twist: we can all communicate with one another (in Prisoner's Dilemma, the prisoners cannot communicate).  So we can say look, we're all going to HODL until at least $100.00 (this is what Max is saying on his channel).  So in a way, it is market manipulation, but what is crazy is that it is probably legal, because cryptocurrencies are not yet regulated as well as real securities.  So, I say HODL, invest coins in new masternodes and be patient.

[avilolo0101]

how can I back up my wallet?
I want to back up my wallet in kind of 12 words or something else I can write on paper (not tech solution).

[Shalafi]

how can I back up my wallet?
I want to back up my wallet in kind of 12 words or something else I can write on paper (not tech solution).

Go to the debug console.

Type in

dumpprivkey "insertyouraddresshere"

Write down that sequence and put it in a safe or something. If you need to recover your wallet...

type in to the new wallets debug console

importprivkey "yourprivatekeyhere"

Granted, I think what you're saying is true, but we have an advantage here.  This is Prisoner's Dilemma, writ large, but with a twist: we can all communicate with one another (in Prisoner's Dilemma, the prisoners cannot communicate).  So we can say look, we're all going to HODL until at least $100.00 (this is what Max is saying on his channel).  So in a way, it is market manipulation, but what is crazy is that it is probably legal, because cryptocurrencies are not yet regulated as well as real securities.  So, I say HODL, invest coins in new masternodes and be patient.

Well the "real" markets are also manipulated and in much more terrifying ways so yeah, nothing illegal about that.

[sotarules]

Big dump coming soon

Dumpers are going to try to bring the price down, and naturally it will come down some after such a huge run up, but check at price level .00059 - that's the GREAT WALL.  Each day there will be a price point for the GREAT WALL that is a catch net.  As Gandalf says "You shall not pass."    At the time of this writing, the GREAT WALL is over 46,000 CHC!