[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦

[goldengatesgreenest.com]

hello ive downloaded the potcoin wallet and installed bootstrap in appdata/roaming/potcoin (deleted everything first) , yet im still 76 weeks behind?

Is your wallet saying "Importing blocks from disk" ? It should be rebuilding the blocks database using the bootstrap file (can take couple hours to finish)

yar,  This coin has had a lot of time to mature so the blockchain Potchain is a decent size

[pinkie31]

hello ive downloaded the potcoin wallet and installed bootstrap in appdata/roaming/potcoin (deleted everything first) , yet im still 76 weeks behind?

Is your wallet saying "Importing blocks from disk" ? It should be rebuilding the blocks database using the bootstrap file (can take couple hours to finish)

Yes it is, thanks for helping.  down to 63 weeks now so moving along steadily.

[PotcoinJoint]

PotWallet New Features & Updates

We are excited to announce the new features and updates for PotWallet.

1. Bitcoin Exchange

You can now exchange bitcoins for potcoins and vice-versa directly in the wallet. www.potwallet.com/exchange (login required)

2. Developer API

The PotWallet API has been released. Building potcoin services and apps is now a breeze with our blazing fast API. www.potwallet.com/developers

3. Trading System

Removed the “Escrow Not Funded” system. Sellers must have an active potcoin balance in order to get or open new trades.

Trades now have a window of 120 minutes to be marked as paid.

Added “bitcoin” as payment method.

General interface and navigation improvements.

4. PotWallet Forums

We have launched the PotWallet community forums and help center (www.potwallet.com/forums). Feel free to post your questions, comments or suggestions on our forums. Get help from other community members and PotWallet staff.

[goldengatesgreenest.com]

PotWallet New Features & Updates

We are excited to announce the new features and updates for PotWallet.

1. Bitcoin Exchange

You can now exchange bitcoins for potcoins and vice-versa directly in the wallet. www.potwallet.com/exchange (login required)

2. Developer API

The PotWallet API has been released. Building potcoin services and apps is now a breeze with our blazing fast API. www.potwallet.com/developers

3. Trading System

Removed the “Escrow Not Funded” system. Sellers must have an active potcoin balance in order to get or open new trades.

Trades now have a window of 120 minutes to be marked as paid.

Added “bitcoin” as payment method.

General interface and navigation improvements.

4. PotWallet Forums

We have launched the PotWallet community forums and help center (www.potwallet.com/forums). Feel free to post your questions, comments or suggestions on our forums. Get help from other community members and PotWallet staff.

and the good news keep on coming 

[barabbas]

How long does it take for coins to mature? I'm trying to test the new wallet...

[goldengatesgreenest.com]

PSA Bump 

[dukester99]

Disabled at bittrex. Apparently they did not update the wallet yet

[CartmanSPC]

Disabled at bittrex. Apparently they did not update the wallet yet

Most people have not updated :/




...but they still have time. Block 930800 is the "drop dead" block where the majority of people need to update by. That is when the "hyper halving" starts.

https://github.com/potcoin/potcoin/commit/11aec4cedfaa0c05339e3614db8a1c81c8b4ee11

[PotCoin]

Disabled at bittrex. Apparently they did not update the wallet yet

The wallet is probably disabled while they re-sync the new update.  All exchanges and mining pools have been notified.

[CartmanSPC]

Just been reading up on POSv. Found this whitepaper which seems to explain it: https://www.reddcoin.com/papers/PoSV.pdf

Let me get this strait...once Potcoin switches over to POSv it will no longer be possible to mine blocks using scrypt mining equipment?

Anywhere you can point me to that explains POSv would be appreciated!

Still wondering about this. Once we get to block 975000 does POW totally go away or does it continue with a 3 potcoin per block subsidy?

Code:

97     static const int LAST_POW_BLOCK = 975000 - 1; 
...
1148   if(nHeight > 963200) 
1149     { 
1150         nSubsidy = 3 * COIN; 

...asking so I can plan to shut down the pool or keep it running after block 975000.

On a different subject I updated p2pool with the code changes for the hyper subsidy.

Code:

SUBSIDY_FUNC = lambda height: 50*100000000 if height>920000 else 25*100000000 if height>930800 else 12*100000000 if height>941600 else 6*100000000 if height>952400 else 3*100000000 if height>963200 else 420*100000000 >> (height + 1)//280000

https://github.com/CartmanSPC/p2pool/commit/e8ae04606316ed940c5ceefecdecd5197e1d33ee

The xpool.net p2pool node will be switching to the new potcoin wallet daemon as soon as it finishes downloading the blockchain. Miners will notice less than a second delay in their mining.

[PotcoinJoint]

@CartmanSP

Starting at block 920,000, the Hyper-Halving starts, goes through until block 975,000.

975,000 is the LAST POW block, meaning there is no more mining after that, it switches to the POSv system (staking).

During the hyper-halving period, ALL miners have to mine to NEW version of potcoin (0.8.7.1). This is why we are putting emphasis right now on the urgency for mining pools to update their software.

Let us know once you are done upgrading to the new software so miners can point to your pool.

[Chris Sokolowski]

We at the Prohashing scrypt mining pool are updated to v0.8.7.1.

At Prohashing, you can mine Potcoin or the most profitable scrypt coins and get paid in Potcoin.  Plus, once Potcoin changes to proof of stake, you can continue using your scrypt miners to mine the most profitable coins and get paid in Potcoin.

Come join us at https://prohashing.com.  We also have a Potcoin block explorer at https://prohashing.com/explorer/Potcoin

[goldengatesgreenest.com]

wow we're so close to POSv

Anyone know what the final coin count will be?

[tolikkk]

wow we're so close to POSv

Anyone know what the final coin count will be?

gross amount did not change, POSv 5% in year,  for stake need  wallet v0.8.7.1,  let synch and get POSv!

[CartmanSPC]

xPool.net has been updated to v0.8.7.1.

Roughly 7.590277777777778 days until the hyper halving starts...
Roughly 33.05324074074074 days until POSv kicks in...

....better come mine while you can

[goldengatesgreenest.com]

xPool.net has been updated to v0.8.7.1.

Roughly 12.59212962962963 days until the hyper halving starts...
Roughly 33.05324074074074 days until POSv kicks in...

....better come mine while you can

Cool, thanks Cartman! will be an exciting time for potcoin in the upcoming month

[barabbas]

xPool.net has been updated to v0.8.7.1.

Roughly 12.59212962962963 days until the hyper halving starts...
Roughly 33.05324074074074 days until POSv kicks in...

....better come mine while you can

Cool, thanks Cartman! will be an exciting time for potcoin in the upcoming month

On a different subject, it would be good to know what, if any, sales in your shop are being paid with POT to take advantage of the 15% bonus. Also what, if any other, efforts are you making to make users or potential users aware of that offer. I know it is hard in the beginning but just promoting it here won't do much now that everyone that is interested, in the crypto scene, is fully aware of it.

[goldengatesgreenest.com]

xPool.net has been updated to v0.8.7.1.

Roughly 12.59212962962963 days until the hyper halving starts...
Roughly 33.05324074074074 days until POSv kicks in...

....better come mine while you can

Cool, thanks Cartman! will be an exciting time for potcoin in the upcoming month

On a different subject, it would be good to know what, if any, sales in your shop are being paid with POT to take advantage of the 15% bonus. Also what, if any other, efforts are you making to make users or potential users aware of that offer. I know it is hard in the beginning but just promoting it here won't do much now that everyone that is interested, in the crypto scene, is fully aware of it.

We're starting off slowly.  TBH nobody has purchased online yet, not that we have really started promoting that we are live.  We have been doing local sales and such to see what customer reaction to our product is and it has been really good and has been flying off the shelf in local donations.

Too many potcoin users are spread out across the world and we are only able to help those in California right now.  We are taking our time and doing the right things to bring quality products to our menu instead of buying everything we could and selling for dirt cheap, low quality cannabis.

I'm sure it will take time to convince people to try us out, but until then we are working hard to bring more selections to the table.  Once we get some traction we will do some promoting.  

We have a sponsor, the youtube cannabis activist Haleyissoarx.  She has agreed to review our products on video and we will be sending her some stuff to try out on her youtube channel which has around 500K subscribers.  We are waiting on a deal with a major concentrate company before we send her the first package.  If I receive a potcoin shirt from Potlabs I will also send that to her and maybe she will wear it on the video.

We have scouted out a few California youtube cannabis talkers who we are going to try and also do a sponsorship with.

We hope that the potcoin community will help us in our success once some of them give us a try.  We not looking for or expecting explosive growth, we just want to smoke really good stuff ourselves while providing a much needed service to crypto/cannabis enthusiasts now and in the future.

If there are any potcoin users in the Bay Area and want to use their potcoin, I will also extend the offer to local delivery with Coin on Delivery

Oh and I also sent those who signed up for the newsletter a 10% off discount coupon! 

[tolikkk]

I was change my wallet on 0.8.7.1 and his synch at now but ... not staking till 5 hours. what me do?

[CartmanSPC]

I was change my wallet on 0.8.7.1 and his synch at now but ... not staking till 5 hours. what me do?

Unless I'm missing something staking wont start for roughly 33 more days. Until then you have to mine or purchase.