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

[wolverine5pl]

which pools have updated wallet?

[1714105662]

1714105662

[1714105662]

1714105662

[panagot]

Hi guys i have a 2$ reward in bitcoin if anyone can find me a video that shows the procedure of the Potcoin wallet update

http://www.bitfortip.com/question/show/67c6a1e7ce56d3d6fa748ab6d9af3fd7

[wolverine5pl]

sry noob question. i see I can stake coins. but whats interest? how much do i earn?

[typicalpete]

I need someone with experience building transactions from the CLI on linux (well any platform) to pm me.  I have some questions.  Thanks!

[CartmanSPC]

PotCoin crowd funded node is up!

https://bitnodes.net/node/194-135-85-149/

Cheers!

Neat site! It still appears to still be syncing though. It is on block 728912. Maybe the site should somehow show that it is still in the process of syncing? A status of sorts...other than that I like it!

[Hazcat]

I don't understand all of the above but is this coin still mineable?  All the wallets on exchanges are in maintenance

[miningpoolhub]

I don't understand all of the above but is this coin still mineable?  All the wallets on exchanges are in maintenance

Mineable at
https://potcoin.miningpoolhub.com

Many exchange sites would need maintenance because it needs to reindex whole block to upgrade.

[salsero]

Hi guys i have a 2$ reward in bitcoin if anyone can find me a video that shows the procedure of the Potcoin wallet update

http://www.bitfortip.com/question/show/67c6a1e7ce56d3d6fa748ab6d9af3fd7

https://www.youtube.com/watch?v=qV5R80OcXdI&feature=youtu.be
how about that one..

[salsero]

sry noob question. i see I can stake coins. but whats interest? how much do i earn?

%5 percent interest/year, but POSv hasen't kicked in yet. It will be about a week or so.

[salsero]

I don't understand all of the above but is this coin still mineable?  All the wallets on exchanges are in maintenance

It's minable right now but will POSv in about a week.

exchanges are having problems once it goes POSv and everyone is up to date then the exchange will probably enable the wallets

[skeppern]

Hi,

Potcoin is once again mineable at Hashnova for the week remaining.

https://pool.hashnova.com/pools/Potcoin/POT/

We have been on the wrong version, but is now re-synced and up to date.

Sorry but I should have followed the community thread a bit closer.

Cheers,
David

[panagot]

Hi guys i have a 2$ reward in bitcoin if anyone can find me a video that shows the procedure of the Potcoin wallet update

http://www.bitfortip.com/question/show/67c6a1e7ce56d3d6fa748ab6d9af3fd7

https://www.youtube.com/watch?v=qV5R80OcXdI&feature=youtu.be
how about that one..

Redditor RealBadDan made the video after i posted it that.

https://www.reddit.com/r/potcoin/comments/3fiasl/ive_created_a_small_reward_2_if_anyone_can_make/

He refused to take the reward and it's not longer available.

[salsero]

Hi guys i have a 2$ reward in bitcoin if anyone can find me a video that shows the procedure of the Potcoin wallet update

http://www.bitfortip.com/question/show/67c6a1e7ce56d3d6fa748ab6d9af3fd7

https://www.youtube.com/watch?v=qV5R80OcXdI&feature=youtu.be
how about that one..

Redditor RealBadDan made the video after i posted it that.

https://www.reddit.com/r/potcoin/comments/3fiasl/ive_created_a_small_reward_2_if_anyone_can_make/

He refused to take the reward and it's not longer available.

wait it says "i have a 2$ reward in bitcoin if anyone can find me a video".. so you owe me two bucks

JK.. knowledge is power.

[salsero]

 We are on block 94000

POSv hits 97500.

If my calculations are correct.

97500-94000=3500 blocks to go..

at 40sec blocks that's only 38 hours till POSv.. whoo hooo..

[barabbas]

We are on block 94000

POSv hits 97500.

If my calculations are correct.

97500-94000=3500 blocks to go..

at 40sec blocks that's only 38 hours till POVs.. whoo hooo..

About time... it's been a complicated transition so far. Hopefully things will work flawlessly from now on...

[CartmanSPC]

975,000 - 940,000 = 35,000

35,000 * 40 = 1,400,000 seconds or 23,333.33333333333 minutes or 388.8888888888889 hours or 16.2037037037037 days.

You missed some ZEROs  

[salsero]

975,000 - 940,000 = 35,000

35,000 * 40 = 1,400,000 seconds or 23,333.33333333333 minutes or 388.8888888888889 hours or 16.2037037037037 days.

You missed some ZEROs  

I stand corrected.. to good to be true. I guess we have to wait.. not that long tho.

[rdyoung]

sry noob question. i see I can stake coins. but whats interest? how much do i earn?

%5 percent interest/year, but POSv hasen't kicked in yet. It will be about a week or so.

We have 16 days give or take till it kicks in. The stake rate is 5%, but I believe that with this being POSv 2.0 there is code for it to split the 5% of the total money supply among those actively staking, if I am correct, that means that if 50% of the coins are actively staking then the effective rate for those coins would be 10%, this is a decent incentive to get the coins off the exchanges and actively staking. I looked through the code and I think I found the relevant chunk of data but I am not a code monkey, if someone who understands source better than I could look through it and confirm, that would be awesome.

[CartmanSPC]

Wondering....I imagine you have to keep the wallet open (and unlocked?) for it to stake or does it work like Bottlecaps where you can open the wallet every few months and you quickly get stakes?

Perhaps even with Bottlecaps it would be better to keep the wallet open but it stakes so quickly and nicely just opening it up every once in a while.

[rdyoung]

Wondering....I imagine you have to keep the wallet open (and unlocked?) for it to stake or does it work like Bottlecaps where you can open the wallet every few months and you quickly get stakes?

Perhaps even with Bottlecaps it would be better to keep the wallet open but it stakes so quickly and nicely just opening it up every once in a while.

All POS coins are designed so that your incentivized to keep the wallet and therefore a node open and running 24/7 to help secure the network.
Coins like caps, hbn, hyperstake have a max subsidy per stake, depending on the amount of caps your staking, you might be throwing money away by having it stake only once every few months. POT doesn't have that, so yes, you can open it once a year and get your 5% likely almost immediately depending the coin age, but your better off and so is the network if you can leave it open and unlocked more often to help support the network. Compounding won't be much, but it will help your coins grow a bit faster.