[ANN][CASH] Crypto CASH | Proof of Stake & COIN CONTROL | On Cryptsy | 0 PREMINE

[tmuir12]

Had some coins stake last night and can now explain the rest of it.

First of all here are some coins in my wallet of the correct age for POS.


Then during the night I had two lots of coins stake and earn me some interest.


I'm going to explain what happens in your wallet now focussing on the one that gave me 0.128134 Cash


Here is the same coins, note the amount of 10.054841 is no longer there but there is an amount of 5.091488 and 5.091487
If you add these two amounts together you get 10.182975.
Now if we take the interest 0.128134 from 10.182975 we get 10.054841.

So when your coins are used for POS the interest is added to the total and then this total is split in half and the coin age is reset to zero.

This means every time you earn interest the amount used is broken into two halves which means if you do nothing you POS will be roughly half for each payment, but you will get twice as many.
If you don't like this idea send them back to yourself to group them back together to get fewer but larger payments.

If you do the math you will see the coins earned just over 1.27% interest as there coin age was around 66500, or just over 46 days, so 10%PA interest was paid on just over 46 days, proving you don't loose interest if the coins don't stake right at the 30 day mark.

Hope this is of use to some people

Just wanted to add another couple points I forgot to mention.
It should go without saying don't group all your coins into one lot so you only get one big payment a month else you won't be able to spend any of your coins as it will reset the coin age of all your coins even if you only spend a fraction of them.
Also having multiple amounts of coins in your wallet is better for the security of the coin.
If you group your coins altogether you will only stake once a month meaning your POS is only capable of protecting one block (1 minute) from 51% attacks for the month, so every separate amount in your wallet can protect another block , so the more separate amounts we all keep in our wallets the more secure Cash will be from 51% attacks.

I'm slowly grouping up on the 5s,10s and 20s of cash in my wallet to groups over 100 cash, but still making keeping a number of separate amounts in my wallet.

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[TuxNut]

agree... x11 for this coin wont work... higher hash means less blockreward right?... and x11 wil triple hashrate... lol.... well be mining for pennies then

So, ASICs won't bring a significantly higher hasrate for FAR lower power usage and therefore the price per coin will plummet.
With X11 the hashrate would increase by around 2-2.5x with power usage dropping by about half so the price per coin will remain about the same.

[coffemix]

still waiting dev to action.

[CryptoCashNow]

still waiting dev to action.

To action what?

[Varvarin]

agree... x11 for this coin wont work... higher hash means less blockreward right?... and x11 wil triple hashrate... lol.... well be mining for pennies then

So, ASICs won't bring a significantly higher hasrate for FAR lower power usage and therefore the price per coin will plummet.
With X11 the hashrate would increase by around 2-2.5x with power usage dropping by about half so the price per coin will remain about the same.

X11 does not work with PoS. Hemp coin is trying to do that and no success.

still waiting dev to action.

To action what?

Anything really, has been 2 months. I even found a screenshot I had when CASH was nearly 20k mid Feb, just before the vanishing act and our 1st "Blockchain is too old" and dump to 5k. If something did indeed happen untoward with the family, I apologise now for sounding like an arse .. but as far as I see it, we got proper scammed out of a ton of BTC.

I am still willing to help, but with 5 BTC loss and 4 weeks of 10MHs mining, I sold everything so my interest is almost zero in losing another 5BTC buying a coin no one else will or mining. If this whole thing did not play out this way, and I actually had those 5BTC at least, lets even forget about the hashing, would not need to mine only profitable things and work the exchange to recover what I need to pay back.

With 20 MHs eating electricity for snacks, I can not mine a coin now I can't sell, was fine in 1st month. Who here has 20-50 BTC to bring CASH to 10k and keep it there to get at least diff 5-6 and then maybe bait some whales to bring it back to where it was?

[tmuir12]

still waiting dev to action.

To action what?

I think most important thing is to be online and post every day at the moment then look to see is the wallet is affected by the heart bleed bug and if so upgrade it.

Some donate buttons for Cash that people could add to their websites would also be a good start, anything to raise it's profile

[Varvarin]

..

I think most important thing is to be online and post every day at the moment then look to see is the wallet is affected by the heart bleed bug and if so upgrade it.

..

Wallet update is a must before we can even begin talking about CASH again. Poloniex delisted it "because the wallet is too unstable" - their words.

Next on the list is finding someone who has 50 BTC, because money talks and will need a sustained pump and not that joke 5 BTC floating around for a laugh 2 days ago pumping price but never buying, while Craptsy messes around with deposits and wankers dump our own coins while price is nice and high and pay back several hours later when price is nice and low.

Of course Craptsy will claim wallet is buggered, and most of the time CASH deposits are incredibly slow, but were not as bad on Poloniex.

Net Hash rate actually would be a good place to start. No Net Hash shown = not a serious coin. Telling someone to work out Net Hash from difficulty does not work.

[TuxNut]

Yep, all of the above are great points.

I'm willing to start putting effort in again but I need confidence another disappearing act will not happen again, that can only come with Trust and that's a bitch to earn when it's been spat on previously.

I kind of hope it was a family matter (but also not ofcourse) but don't understand why even one post wasn't possible, even more so when considering checkpoint was updated a couple of times which surely required access to an Internet connected device.

Oh Crypto's, how you've burnt me lately.

[Varvarin]

I still consider CASH tech best on the market ... even with Kimoto Time Warp exploit when diff gets high enough. It had some serious potential, still has if you look how many coins of late got relaunched into spotlight, Noble and Karma being most recent ones.

Alas, someone with a ton of BTC was buying all Noble coins 13-16 and now they 50 from a high of 100 (500 if you count that joke on Poloniex, that was cool to see). I got pretty ruined by CASH really and need to find a lot of money from my own pocket to repay friends who trusted me to start mining. I could be persuaded to invest 3-5 BTC in CASH again, but it will need 10x that and a team of devs/marketers.

Pulling my connections, like I did before the vanishing, for a total market cap of $20k is just not going to work. Almost flew to Rome to have a meeting with 5 online game & casino designer team. It would need something special to happen to persuade them to even consider the proposal again.

[TuxNut]

Why do you need to repay people because the coin's yet to gain a high price?
It's a risky business, were they going to give you their profits if they made money? If not, why do you need to repay them because they lost?

Shame the dev's not been very active here since returning despite several people already posting again.

GR8 coin lacking dedicated dev

[nut0.1]

DEV are you still interseted in this coin or just having fun at our expense
would be nice to know,  some of us  think this coin could go some were but needs a DEV that cares.
If that you then great, if not the least you could do is let every one know ,
Should you leave again , then please leave the codes before you go. so the coin can be taken over by those of us who do care .

[Varvarin]

Why do you need to repay people because the coin's yet to gain a high price?
It's a risky business, were they going to give you their profits if they made money? If not, why do you need to repay them because they lost?
..

To buy rigs .. then used them to mine CASH for days and days .. to lose 95% while staking   ofc once I saw the dumping, had to run .. 20Mhs generates a lot of coins I couldn't sell without causing panic .. hehe

[cryptohunter]

community take over seems the best way... dev seems like he is probably some kid that got mullick to make this coin and has waves of interest in it.

Must have some connections to cryptsy, not that it bothers me. Probably verns son or something.

It's a nice coin design though and shame to waste it.  

[coffemix]

community take over seems the best way... dev seems like he is probably some kid that got mullick to make this coin and has waves of interest in it.

Must have some connections to cryptsy, not that it bothers me. Probably verns son or something.

It's a nice coin design though and shame to waste it.  

Yes, it is nice coin indeed

[tmuir12]

I've had a couple of PMs from CryptoCashNow and we are in the process of setting me up with admin privileges on the CryptoCash face book page.
I'll post here once it is sorted.
For those that haven't found the facebook page its

https://www.facebook.com/cryptocashnow?fref=nf

Lets see if we can get things moving

[coffemix]

I've had a couple of PMs from CryptoCashNow and we are in the process of setting me up with admin privileges on the CryptoCash face book page.
I'll post here once it is sorted.
For those that haven't found the facebook page its

https://www.facebook.com/cryptocashnow?fref=nf

Lets see if we can get things moving

thumps up

[CryptoCashNow]

Still here working on putting together a team. Takes a community to build a coin not just one developer. So the more that wish to help the merrier. If you wish to help on the social front and marketing PM me Ill need your email etc.

Also the more folks who hangout on the site chat room the better.

[nut0.1]

what happened to the OP

[TuxNut]

I've had a couple of PMs from CryptoCashNow and we are in the process of setting me up with admin privileges on the CryptoCash face book page.
I'll post here once it is sorted.
For those that haven't found the facebook page its

https://www.facebook.com/cryptocashnow?fref=nf

Lets see if we can get things moving

I was given it too but I'm waiting to find out why a new page was set up when the old one already had followers, better to let those followers know the dev's returned.

[socoban]

Still here working on putting together a team. Takes a community to build a coin not just one developer. So the more that wish to help the merrier. If you wish to help on the social front and marketing PM me Ill need your email etc.

Also the more folks who hangout on the site chat room the better.

Hello,
 what are your plans with CASH? This coin is awesome, It has nice future, if you do not leave it. I was dumping CASH, but since you returned, I am considering to buy it back. It is so unique, that sooner or later it will rock, just need active dev all the time. Can you tell us, what are your plans and what kind of help do you need?

Thanks