Majormax
Legendary
 Offline
Activity: 2534
Merit: 1129
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March 12, 2014, 01:02:26 AM |
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I have some questions about PoS... I've read about it and understand the general concept, but I think an example with real numbers would very useful.
So can someone describe what will happen for someone holding 100000 ECCoin? If I have 100k today, will it start paying PoS interest in 42 days or is it from the time PoW ends? Is there a minimum amount required?
Thanks!
I am sure the dev. will confirm shortly, but my understanding is that stake can be minted on coins held in the wallet for 42 days. Start point is genesis (because the coin is hybrid PoW/PoS right now), no minimum. |
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strasboug
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March 12, 2014, 01:16:33 AM |
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I have some questions about PoS... I've read about it and understand the general concept, but I think an example with real numbers would very useful.
So can someone describe what will happen for someone holding 100000 ECCoin? If I have 100k today, will it start paying PoS interest in 42 days or is it from the time PoW ends? Is there a minimum amount required?
Thanks!
Also wondering the same thing. No minimum required. 25% is the annual rate, so 100K you hold 42 days, will generate approximately 100000 * 0.25 * 42 / 365 = 2876 ECCs. And then you hold 102876 ECCs, hold another 42 days will generated you 102876 * 0.25 * 42 / 365 = 2959 ECCs, and so on and so forth. |
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Kienbui
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March 12, 2014, 02:12:07 AM |
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This coin is so interesting and have good potential.
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gouda
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March 12, 2014, 03:49:09 AM |
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hows everyone doing!!!!!!!... this coin is going to be huge!!!!!! huge i tell you!!!!!!!!! lets keep mining...!!!!! keep holding!!!!! keep spreading the word!!!!!!!!!!!!!!!!!
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declensions
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March 12, 2014, 04:13:34 AM |
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I read that POS is insecure, does anyone know exactly what that means and does that apply to all POS coins including Mintcoin and ECC?
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C2.1: CfAMDL4FJomN8bLpsPKZz3mBtdQVg7Sgbp
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strasboug
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March 12, 2014, 04:46:04 AM |
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I read that POS is insecure, does anyone know exactly what that means and does that apply to all POS coins including Mintcoin and ECC?
I thought pos is more secure than pow coin, it has better protection for 51% attack... |
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blofoma
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March 12, 2014, 05:15:29 AM |
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strasboug
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March 12, 2014, 05:21:38 AM |
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dev, we need more exchanges
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Kienbui
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March 12, 2014, 05:55:41 AM |
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scrototeabaggins
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March 12, 2014, 05:56:22 AM |
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dev, we need more exchanges
No, the community just needs to continue to grow. This is a great coin and the profits are solid. |
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gouda
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March 12, 2014, 06:13:13 AM |
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dev, we need more exchanges
No, the community just needs to continue to grow. This is a great coin and the profits are solid. we will need to get on mintpal within the next couple of weeks though!! don't want to wait too long.. but ill keep mining... going on 4 days straight now!  |
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Kienbui
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March 12, 2014, 06:20:30 AM |
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Thank you!
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strasboug
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March 12, 2014, 06:29:24 AM |
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dev, we need more exchanges
No, the community just needs to continue to grow. This is a great coin and the profits are solid. we will need to get on mintpal within the next couple of weeks though!! don't want to wait too long.. but ill keep mining... going on 4 days straight now! Yes need to have more trading to promote the interests on the coin  |
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strasboug
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March 12, 2014, 06:31:51 AM |
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I like the "what's new" section in OP, good job devs!
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rensoelzinga
Newbie
Offline
Activity: 7
Merit: 0
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March 12, 2014, 06:39:22 AM |
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Is it possible to decrypt the eccoin wallet? Is now says Minting is suspended due.....
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appbox
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March 12, 2014, 07:19:58 AM |
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hostmaster (OP)
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March 12, 2014, 08:32:59 AM |
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It has been removed for reported a ddos attack from the OP. Continues service at different port. :7778 |
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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March 12, 2014, 08:54:25 AM |
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Is it possible to decrypt the eccoin wallet? Is now says Minting is suspended due.....
Help/debug window/console walletpassphrase your-password 999999999 |
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