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Author Topic: [Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS)  (Read 194613 times)
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April 03, 2014, 01:51:59 AM
 #1021

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

Have you thought about selling some of your GPU rigs while vid card prices are still high, then buy ASIC miners?
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April 03, 2014, 01:54:35 AM
 #1022

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

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April 03, 2014, 01:59:04 AM
 #1023

Is this already a waste of electricity to cpu mine?

CUP mine is available  ?

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April 03, 2014, 02:03:06 AM
 #1024

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

like this http://cryptexplorer.com/chain/H2Ocoin
i heard that coinmarketcap.com will not add a coin till it has a adobe explorer.

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April 03, 2014, 02:06:46 AM
 #1025

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.

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April 03, 2014, 02:14:41 AM
 #1026

Hey, I'd like to ask, could you Guys guide us how exacly POS works? I talked to few people and most of them are confused. I, for instance, locked up my wallet and I can now see the message "minting suspended due to locked wallet". Does the option "unlock wallet" releases that and a client with encrypted (but unlocked) wallet is still avaliable to generate interests?

Let me try to answer this and I hope someone will correct me for anything that I state incorrectly. I am using information from the OP.

1. You are eligible to earn PoS rewards once 7000 WATER blocks are generated.
2. Only coins that have spent 20 days (i.e. have matured) in your wallet are eligible to generate PoS coins. If you have coins at an exchange, remember that those are in the exchanges's wallet, so the exchange will be eligible to accrue PoS coins, not you.
3. If you have coins that have been 20 days in your wallet i.e. are mature from PoS perspective and total blocks generated by the WATER network are at least 7000, you should unlock the wallet for minting via the button. This would cause the wallet to stake your claim for any coins that have been 20 or more days in your wallet at the time of unlocking. If you don't know which coins are eligible, check the transaction dates and add 20 days to figure that out.
4. You will not see the PoS rewards immediately after you unlock. You "compete" with other stake claimants based on "coin age value" i.e. total coins eligible for PoS * number of days the coins are in your wallet. Those with highest "coin age value" will get the PoS reward i.e. will generate PoS block on the blockchain first. Eventually you will get yours as long as you keep you wallet unlocked for minting. BTW, my understanding of "unlocking for minting" is that the wallet is unlocked for generating PoS coins only, and is otherwise secure.
5. The amount of coins you claim would be the number of coins * number of stake days * 0.08 / 365 (this formula is valid up from block 7001 to block 200000). For example, if 1000 coins qualify for PoS and your rewards are paid to you after 25 days they are in your wallet (remember, 20 days is the minimum) then you earn 1000 * 25 * 0.08 / 365  = 5.48 WATER. For calculation after block 200000, substitute adequate percentage found in the OP.
6. What also needs to be noted is that there is usually a max age for PoS which is normally twice the the maturity date. Using this formula, the max days for coins to earn rewards is 40 days. I don't know what WATER's max day value is or if it has any, but assuming it is indeed 40 days that would mean that it benefits you to unlock you wallet for minting every 20-40 days in order to earn PoS coins. If you unlock after 40 days, you would earn for only 40 days.
7. Once you earn the PoS rewards, the coin age for the original and stake coins resets to 0, so if you use the example above that would mean 1005.48 WATER coins would have coin age of 0 and you would have to wait at least 20 days to be able to stake PoS claim again on those coins.

Hope this helps and is not too confusing Wink Once again, I would appreciate if anyone can correct me for anything that I have misstated.

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April 03, 2014, 02:16:31 AM
 #1027

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.
let me help just one time .

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April 03, 2014, 02:20:28 AM
 #1028

This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months.

https://bitcointalk.org/index.php?topic=448269.0

I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal.  Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now.  While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself.



Just out of pure clarification here, no other altcoin has done what we are doing with our coin. Charitycoin takes 10% of each block payout -- whereas we take a 0.1% transaction fee of the coin movement and donate that into the Charity Wallet.

Here is what is stated on our website & OP to save you some time Wink

Quote
We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet.

Just out of pure clarification here, your title to this thread says 1st Nonprofit Organization Coin which is incorrect. And thanks for the OP quote and assumption I cannot read.  Regards

What other coin is a registered NPO?

CleanWaterCoin.org  | A Crypto Charity
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April 03, 2014, 02:21:11 AM
 #1029

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.

thank you .

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April 03, 2014, 02:27:45 AM
 #1030

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.

thank you .

you're welcome. interested in explorer too

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April 03, 2014, 02:32:30 AM
 #1031

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.

thank you .

you're welcome. interested in explorer too
Its coming Wink

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April 03, 2014, 02:33:25 AM
 #1032

This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months.

https://bitcointalk.org/index.php?topic=448269.0

I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal.  Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now.  While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself.



Just out of pure clarification here, no other altcoin has done what we are doing with our coin. Charitycoin takes 10% of each block payout -- whereas we take a 0.1% transaction fee of the coin movement and donate that into the Charity Wallet.

Here is what is stated on our website & OP to save you some time Wink

Quote
We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet.

Just out of pure clarification here, your title to this thread says 1st Nonprofit Organization Coin which is incorrect. And thanks for the OP quote and assumption I cannot read.  Regards

What other coin is a registered NPO?

yes , we are registered NPO to GOV.!

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April 03, 2014, 02:38:57 AM
 #1033

i'm conflicted about changing protocols.. on one hand, I can see how sticking with scrypt makes sense, on other hand, I can only run half of my rigs right now and still live in the apartment without turning it into sauna, and it's not even summer yet. Thus I reluctantly wish the protocol to be changed to x11 just becasue of that. But then again, one of my smaller rigs is running cudaminer and I don't think i'd be able to use that one anymore then, so i'll point it back to litecoin or watnot..

bottom line, i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.

i'm cool with whatever devs decide, as long as they firmly believe it'll benefit the coin.
what's the status of block explorer ? dev.

block explorer  Huh

yes. if nobody mention it , it would be  forgot .

i would like to help posting this until there's a reply form DEV.

thank you .

you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

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April 03, 2014, 02:44:21 AM
 #1034

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


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April 03, 2014, 02:48:19 AM
 #1035

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


ok, you're right, i stop post explorer for now.

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  ████                                                    
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April 03, 2014, 02:51:15 AM
 #1036

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


ok, you're right, i stop post explorer for now.

Haha, no it's ok. You guys have every right to hold us accountable -- no need to stop doing so Smiley

The answer = we are almost done with the block chain explorer, but have spent most of our time trying work on this feisty Mac wallet and updating all our wallets with the improved 0.1% transaction process. As soon as our lead developer gets on, I will get an ETA for you!

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April 03, 2014, 02:56:05 AM
 #1037

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


ok, you're right, i stop post explorer for now.

Haha, no it's ok. You guys have every right to hold us accountable -- no need to stop doing so Smiley

The answer = we are almost done with the block chain explorer, but have spent most of our time trying work on this feisty Mac wallet and updating all our wallets with the improved 0.1% transaction process. As soon as our lead developer gets on, I will get an ETA for you!

seems MAC wallet is coming soon .

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April 03, 2014, 02:58:45 AM
 #1038

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


ok, you're right, i stop post explorer for now.

Haha, no it's ok. You guys have every right to hold us accountable -- no need to stop doing so Smiley

The answer = we are almost done with the block chain explorer, but have spent most of our time trying work on this feisty Mac wallet and updating all our wallets with the improved 0.1% transaction process. As soon as our lead developer gets on, I will get an ETA for you!

that's a real good news.

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  ████                                                    
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April 03, 2014, 03:03:53 AM
 #1039

Quote
Quote
Quote
you're welcome. interested in explorer too
Its coming Wink

yes , on launch day , one of dev. team guy said "it's coming".
sorry for my rude, but i do love this coin .
i don't want to give a little pressure to DEV. team . but i have to ask : where does explorer go ? does it get lost ?

 europess,
give some time to DEV. as you've got their reply .
one day , or 2 more days, then there's still no explorer, i will help you post the same request .


ok, you're right, i stop post explorer for now.

Haha, no it's ok. You guys have every right to hold us accountable -- no need to stop doing so Smiley

The answer = we are almost done with the block chain explorer, but have spent most of our time trying work on this feisty Mac wallet and updating all our wallets with the improved 0.1% transaction process. As soon as our lead developer gets on, I will get an ETA for you!

keep onging ! also more posts is good for WATER.

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April 03, 2014, 03:07:19 AM
 #1040

This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months.

https://bitcointalk.org/index.php?topic=448269.0

I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal.  Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now.  While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself.



Just out of pure clarification here, no other altcoin has done what we are doing with our coin. Charitycoin takes 10% of each block payout -- whereas we take a 0.1% transaction fee of the coin movement and donate that into the Charity Wallet.

Here is what is stated on our website & OP to save you some time Wink

Quote
We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet.

Just out of pure clarification here, your title to this thread says 1st Nonprofit Organization Coin which is incorrect. And thanks for the OP quote and assumption I cannot read.  Regards

What other coin is a registered NPO?

yes , we are registered NPO to GOV.!

You paid $45 and had someone we don't know sign a piece of paper.  

http://rct.doj.ca.gov/MyLicenseVerification/Details.aspx?agency_id=1&license_id=1494048&

And technically your status is "Not Registered"

https://www.google.com/maps/place/555+N+El+Camino+Real+%23365/@33.429881,-117.616574,3a,40.7y,14.16h,91.36t/data=!3m4!1e1!3m2!1s_g-1oi2gF4MI0o1rivRxgg!2e0!4m2!3m1!1s0x80dcf4725c8a6363:0xa204e19ee8c052e1!6m1!1e1

And your address provided is in a hardware plaza with a store selling water purification systems?

http://www.pacificwatersolutions.com/

 I assume you are affiliated with this group?  Can we hold them accountable for losses?  I would encourage all to continue investigating the transparency of this group.
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