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

[Antebellum]

Isnt ECC on Coinwarz? cant find it there?? 

It's not there because dev didn't want to add it there. It's better because less multipools pick up ECC;) If you want to check your profitability, just go to any pool, see how others are doing and compare.

Nah, was just curious, my profitability here is a bit to early to try and calc on.

[copychicken]

One advice... and i think i am statistically correct...

The last two months... multipools became a fashion trend...
Mine the most profitable coin etc... the problem is that the verifications and other factors...
sometimes make it not profitable...(usually if you calculate your profits in 24-48hour...)
Plus the transaction and pool fees for everycoin mined... even if they are turned in btc..are huge.

Lets take our coin... Ecc now...with all the multipool hitting...and some people leaving and joining
5 times a day on different pools.. like manual multipool... probably gives... 0.0045 per mhas..
maybe lower...

The funny thing is that people...get in a pool...crosscheck the infos...
""hmmm i have 5 mhas... 5 mhas produces 400k coins a day... the price is 7 satoshi...
so its 0.xxxxxx btc.. hmmmm i will stop mining it..its not profitable""
That actually happens with everycoin out there,cause of the multipools...

The funny thing is...that even if you mine ecc right now with low profitability.. 0.002 per mhas.
and continue mining it for 20 days (its an example)....
And with the current price yes...its not worth it..
But guess what? what would your profitability be, (when you where mining for 20 days
and all those mined coins...) when their value doubles or triples?? that 0.002 mhas suddenly became 0.006 or more... FOR ALL THOSE 20 days...
That means that you were mining a profitable coin for 20whole days... without even  knowing...

So i think that profitability should be calculated long term and not shortterm...
Especially if a coin, such ecc has that much support behind it...
I dont even care if it stays at 5 satoshi... we shouldnt be even talking about satoshi,
but with ecc numbers... ( we should be the first to get rid of btc comparison)

That shorterm profitability is what killing everycoin out there i think.. and our pockets of course...
All these asics gpus the last 50 days... are suffering.... ( i mean their hashrate to profit is at 1/3 right now)

[hostmaster]

One advice... and i think i am statistically correct...

The last two months... multipools became a fashion trend...
Mine the most profitable coin etc... the problem is that the verifications and other factors...
sometimes make it not profitable...(usually if you calculate your profits in 24-48hour...)
Plus the transaction and pool fees for everycoin mined... even if they are turned in btc..are huge.

Lets take our coin... Ecc now...with all the multipool hitting...and some people leaving and joining
5 times a day on different pools.. like manual multipool... probably gives... 0.0045 per mhas..
maybe lower...

The funny thing is that people...get in a pool...crosscheck the infos...
""hmmm i have 5 mhas... 5 mhas produces 400k coins a day... the price is 7 satoshi...
so its 0.xxxxxx btc.. hmmmm i will stop mining it..its not profitable""
That actually happens with everycoin out there,cause of the multipools...

The funny thing is...that even if you mine ecc right now with low profitability.. 0.002 per mhas.
and continue mining it for 20 days (its an example)....
And with the current price yes...its not worth it..
But guess what? what would your profitability be, (when you where mining for 20 days
and all those mined coins...) when their value doubles or triples?? that 0.002 mhas suddenly became 0.006 or more... FOR ALL THOSE 20 days...
That means that you were mining a profitable coin for 20whole days... without even  knowing...

So i think that profitability should be calculated long term and not shortterm...
Especially if a coin, such ecc has that much support behind it...
I dont even care if it stays at 5 satoshi... we shouldnt be even talking about satoshi,
but with ecc numbers... ( we should be the first to get rid of btc comparison)

That shorterm profitability is what killing everycoin out there i think.. and our pockets of course...
All these asics gpus the last 50 days... are suffering.... ( i mean their hashrate to profit is at 1/3 right now)

Yes you should not mine for money only try to earn value those cryptos has good goals and can bring much good for the earth. Those multi pool miners thinks they made quick money but see this is what it happens 3/1 revenue and no hope for the future.

But we will break this dwindling spiral. ECC brings a new hope for all of us. We will mine for one goal, cleaning PoW method from the earth. We dont do it just for money. What's new with ECC is it has a certain message to carry and he knows more who is he.

[takkaros]

But first we need to add ECC to more places.
https://altoutlet.com is a nice start

https://altoutlet.com/vote/ECC

[Majormax]

But first we need to add ECC to more places.
https://altoutlet.com is a nice start

https://altoutlet.com/vote/ECC

ECC is heading towards being the most widely listed (on exchanges) alt coin. That is an important cachet. Adding to payment options on many sites is coming next.

Proof of Stake coins are definitely the future, and ECC is not just one of them, but is explaining the reasons they are better than PoW, and bringing that message to the world.

[TimC]

The minting of coins is rolling in now.

[cgminer-o]

The minting of coins is rolling in now.

  +1

[hostmaster]

The minting of coins is rolling in now.

Thanks for share!
anyone else see its minting?

[schoschi12]

Coinaging starts after the last transaction, right? So if I got ECC every day from the pool, I won't get miniting for the coins that were laying around in the wallet since this coins launch?

[TimC]

Coinaging starts after the last transaction, right? So if I got ECC every day from the pool, I won't get miniting for the coins that were laying around in the wallet since this coins launch?

I starting mining ECCoin from day one and will mine ECCoin until it is done. Since those first coins that hit my wallet are now 40 days old they get stake. I would think that I will be getting stake every day since new batches of coins have been hitting my wallet daily. So far I've minted 30 batches of coins.

[Majormax]

anyone else see its minting?

Mine does as well, but during sync I got 5 transactions which got no confirms, after sync new transactions (with slightly different amounts) came in which where synced. Looks a bit odd to me, but maybe when I'll read a paper about how PoS works I'll understand...

During sync mined stake usually gets orphaned anyway (happens after sync sometimes as well). Don't worry, if a mined stake is not accepted once, the block returns to its place in the wallet queue and keeps it's coin age: it still qualifies, so you will get the relevant stake when it hits another block later.

[TimC]

anyone else see its minting?

Mine does as well, but during sync I got 5 transactions which got no confirms, after sync new transactions (with slightly different amounts) came in which where synced. Looks a bit odd to me, but maybe when I'll read a paper about how PoS works I'll understand...

Also minting is just like solving a block. One one wallet can submit a minted block if more then one wallet submits a minted block only the first one gets it and the others get orphaned. So the longer you keep your wallet open the better chances you have on minting coins. I'm up to 31 batches of minted coins now. I left my wallet open last night before I went to bed since I knew it was going to start stake so that way I did not miss any chances of minting new coins.

[schoschi12]

Coinaging starts after the last transaction, right? So if I got ECC every day from the pool, I won't get miniting for the coins that were laying around in the wallet since this coins launch?

I starting mining ECCoin from day one and will mine ECCoin until it is done. Since those first coins that hit my wallet are now 40 days old they get stake. I would think that I will be getting stake every day since new batches of coins have been hitting my wallet daily. So far I've minted 30 batches of coins.

Ok, thank you, maybe I have to update my wallet:)

[TimC]

Coinaging starts after the last transaction, right? So if I got ECC every day from the pool, I won't get miniting for the coins that were laying around in the wallet since this coins launch?

I starting mining ECCoin from day one and will mine ECCoin until it is done. Since those first coins that hit my wallet are now 40 days old they get stake. I would think that I will be getting stake every day since new batches of coins have been hitting my wallet daily. So far I've minted 30 batches of coins.

Ok, thank you, maybe I have to update my wallet:)

Yes, I always try to use the newest version of the coins wallet which is now ECCoin (Version 1.4). I'm up to 39 batches of minted coins and 1 orphaned batch so far today. The one with a question mark is the orphaned batch.

[siriuc]

http://i1061.photobucket.com/albums/t472/TimFChavez/Untitled_zpse131e7c3.jpg

Why mined more coins?https://www.dropbox.com/s/f94ut2mffo8e2in/1.png

[hostmaster]

ECCoin also adopts a variable PoS rate with the following annual interest rate:
- Year 1: 25%
- Year 2: 15%
- Year 3-9: 10%
- Starting Year 10, it will have an annual PoS interest of 1%

[TimC]

Why mined more coins?https://www.dropbox.com/s/f94ut2mffo8e2in/1.png

My only guess is I was getting more batches of coins since I had my payout set to 500 coins and looks like you had your payout set at 10,000 coins. You can see that I'm getting a smaller stake more often and you are getting a larger stake less often.

[endchat]

Does the 1.3 ECC wallet mint coins?

I have been mining since day 1 of ECC and have not noticed any unsual deposits in my wallet.

I just downloaded 1.4 and will be on the look out.

My understanding for this process to take place is that the wallet just has to be open 1x per month?

[endchat]

How will I know when the mining will completely shut off?

I still see people mining at coins4everyone and miningwithus.

Will there be an announcement?

[TimC]

Does the 1.3 ECC wallet mint coins?

I have been mining since day 1 of ECC and have not noticed any unsual deposits in my wallet.

I just downloaded 1.4 and will be on the look out.

My understanding for this process to take place is that the wallet just has to be open 1x per month?

>>Does the 1.3 ECC wallet mint coins?
It should but it is always best to use the latest wallet.

You can open your wallet once a month and it will get some stake but if you keep it open you have a lot more chances to getting stake. Since minting is like mining blocks only one wallet can submit stake per block. Which is the same with minting only one wallet can submit a stake per block. If more then one wallet submits stake only the first one gets it and the others get orphaned. So the longer you keep your wallet open the better chances you have on minting coins since your wallet will be able to submit the minting coins on each block and have better chances of it getting stake. Now if you only received coins once every 30 days then opening your wallet once a month and keeping it open until you get stake is fine. Since I was getting many batches of 500 coins each day I keep my wallet open for the best chances of getting the most stake since every few hours some batches of coins have a chance to get stake.