★★ [ANN] ECCoin (ECC) ★★★ ECCoin - Green Future FORK FIXED UPGRADE NEEDED

[Majormax]

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?

PoS gives a different type of security. It is more secure in most cases, because a takeover of the network (like a 51% attack) requires ownership of the majority of the coins. If you own it , you own it anyway.

[hostmaster]

Ecoiner.org delivers Good YouTube Comment Some ECC awards gets details here:
http://ecoiner.org/ecc-rewards/youtube-comment-1000-ecc-reward-1260/

[xwortel]

very interesting coin. low premine, clear objectives, transparency and it's good that there is no bonus/rewards for the early birds.

I keep on mining this coin

[RoooooR]

What is the diff now guys?

[fenix79]

"difficulty" : 26.83321844,

[RoooooR]

"difficulty" : 26.83321844,

cool, thanks! 

[Kienbui]

When I mine with cgminer using pool http://ecchouse.com

The cgminer displays connect to dogepool.pw

Does this pool using our mining power to mine Dogecoin?

[hostmaster]

Is it possible to decrypt the eccoin wallet? Is now says Minting is suspended due.....

next version we can add an unlock button, like MINT, will make life easier
thanks for feedback.

[Charloz24]

Cryptopool down....

[sammy007]

Is it possible to decrypt the eccoin wallet? Is now says Minting is suspended due.....

next version we can add an unlock button, like MINT, will make life easier
thanks for feedback.

Help/debug/console

palletpassphrase PASSWD 99999

[SnowLeopard]

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!

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.

This helps but also confuses me more at the same time...  
You make it seem like interest payouts (aka PoS rewards) are only paid out every 42 days, but isn't it 42 days of holding?  The example shows that after 84 days, I'd have 102876 ECC, but aren't there any rewards paid on days 43 to 83 on the 100k stake?
So on the first day of PoS rewards, 2876 ECC are earned from holding 100k as shown, and wouldn't the same be earned the on day 2 of PoS?  Then after 42 days of holding the first 2876 PoS reward, it starts earning PoS reward as well?

[Speedie]

Cryptopool down....

It's been up and down for a few hours now, front-end at least. May well explain the drop in network hashrate to < 2GH/s and the commensurate drop in difficulty. Make hay while the sun (sort of) shines I guess for those of us with failover configured.

[gouda]

yea a big drop in net hash  but im liking the ez coins right now 

[timerland]

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!

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.

This helps but also confuses me more at the same time...  
You make it seem like interest payouts (aka PoS rewards) are only paid out every 42 days, but isn't it 42 days of holding?  The example shows that after 84 days, I'd have 102876 ECC, but aren't there any rewards paid on days 43 to 83 on the 100k stake?
So on the first day of PoS rewards, 2876 ECC are earned from holding 100k as shown, and wouldn't the same be earned the on day 2 of PoS?  Then after 42 days of holding the first 2876 PoS reward, it starts earning PoS reward as well?

I guess what he said is that you hold 100K for 42 days, then you will get 2876 ECCs in pos blocks, then you have 102876 ECCs now, holding them another 42 days will generate another 2959 ECCs for you. Pos is exactly like interests, and the 2nd time you like get the compound interest, your 2nd interest is based on 102876 that's why you get more 2nd time.

[matoy]

Cryptopool down....

It's been up and down for a few hours now, front-end at least. May well explain the drop in network hashrate to < 2GH/s and the commensurate drop in difficulty. Make hay while the sun (sort of) shines I guess for those of us with failover configured.

our pool @ http://ecc.coins4everyone.com is working well guys!
just waiting for some more miners!

happy mining.

[cloudminers]

ECCoin Mining Pool.

Features
• PROP reward system.
• Stratum.
• Payouts are processed every 5 minutes.

The pool has a mining fee of 1%.

http://ecc.cloudminers.net

[gouda]

everyone needs to vote at mintpal.com/vote  we need to spread this coin like wild fire.... get out there and spread the twitter.. tell ur friends who don't  mine.. help them get into mining... !!!!

[appbox]

everyone needs to vote at mintpal.com/vote  we need to spread this coin like wild fire.... get out there and spread the twitter.. tell ur friends who don't  mine.. help them get into mining... !!!!

+1, vote!

[SnowLeopard]

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!

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.

This helps but also confuses me more at the same time...  
You make it seem like interest payouts (aka PoS rewards) are only paid out every 42 days, but isn't it 42 days of holding?  The example shows that after 84 days, I'd have 102876 ECC, but aren't there any rewards paid on days 43 to 83 on the 100k stake?
So on the first day of PoS rewards, 2876 ECC are earned from holding 100k as shown, and wouldn't the same be earned the on day 2 of PoS?  Then after 42 days of holding the first 2876 PoS reward, it starts earning PoS reward as well?

I guess what he said is that you hold 100K for 42 days, then you will get 2876 ECCs in pos blocks, then you have 102876 ECCs now, holding them another 42 days will generate another 2959 ECCs for you. Pos is exactly like interests, and the 2nd time you like get the compound interest, your 2nd interest is based on 102876 that's why you get more 2nd time.

I've just found the answer I was looking for here:  http://bitcoin.stackexchange.com/questions/20007/how-does-proof-of-stake-mining-work
I initially thought the PoS payout was like daily compound interest from the banking world but it is 42-day compound interest.
It's the detail about coin-age being reset to zero upon PoS payout that I wasn't aware of.

[gouda]

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!

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.

This helps but also confuses me more at the same time...  
You make it seem like interest payouts (aka PoS rewards) are only paid out every 42 days, but isn't it 42 days of holding?  The example shows that after 84 days, I'd have 102876 ECC, but aren't there any rewards paid on days 43 to 83 on the 100k stake?
So on the first day of PoS rewards, 2876 ECC are earned from holding 100k as shown, and wouldn't the same be earned the on day 2 of PoS?  Then after 42 days of holding the first 2876 PoS reward, it starts earning PoS reward as well?

I guess what he said is that you hold 100K for 42 days, then you will get 2876 ECCs in pos blocks, then you have 102876 ECCs now, holding them another 42 days will generate another 2959 ECCs for you. Pos is exactly like interests, and the 2nd time you like get the compound interest, your 2nd interest is based on 102876 that's why you get more 2nd time.

I've just found the answer I was looking for here:  http://bitcoin.stackexchange.com/questions/20007/how-does-proof-of-stake-mining-work
I initially thought the PoS payout was like daily compound interest from the banking world but it is 42-day compound interest.
It's the detail about coin-age being reset to zero upon PoS payout that I wasn't aware of.

yes that makes a huge difference