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Author Topic: [Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS)  (Read 195070 times)
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April 06, 2014, 10:19:59 PM
 #1461

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

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April 06, 2014, 10:25:05 PM
 #1462

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

I mean at this rate we would be hitting the limit of 1 billion coins somewhere between block 9000 and 10000. This does not look good. At the minimum an explanation is needed of what's going on.

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April 06, 2014, 10:29:12 PM
 #1463

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

I mean at this rate we would be hitting the limit of 1 billion coins somewhere between block 9000 and 10000. This does not look good. At the minimum an explanation is needed of what's going on.

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April 06, 2014, 10:30:51 PM
 #1464

I would assume that the blockchain will be re-forked to block 7000, after the wallet is fixed, so any transactions after that block will be lost?

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April 06, 2014, 10:31:08 PM
 #1465

Yeah, most likley.
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April 06, 2014, 10:52:12 PM
 #1466

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

I mean at this rate we would be hitting the limit of 1 billion coins somewhere between block 9000 and 10000. This does not look good. At the minimum an explanation is needed of what's going on.

Bump.

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April 06, 2014, 10:54:36 PM
 #1467



Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.
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April 06, 2014, 10:57:57 PM
 #1468



Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.



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April 06, 2014, 11:11:14 PM
 #1469

is there an irc channel?  devs whats going on?

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April 06, 2014, 11:16:11 PM
 #1470



Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.



I agree, at this point it is important for the team to acknowledge they are aware and looking into this. As for the answer to the issue, it is better to have the right answer rather than a quick one. It is obvious that the transition into block 7001 and later was not tested properly beforehand.

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April 06, 2014, 11:16:16 PM
 #1471

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.

(Agree that "We are looking in to this" needed asap to stop panic posts.)

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ghostbackwards
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April 06, 2014, 11:20:46 PM
 #1472

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.



(Agree that "We are looking in to this" needed asap to stop panic posts.)

I've been in IRC all day and haven't seen any acknowledgement of the issue.

H2O: HTCaa6CSiYRDUnGo5WcSfydzYifwd9CvfK
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April 06, 2014, 11:22:07 PM
 #1473

Probably AFK then. I know at least a couple of them mentioned going to Church on Sunday. Hopefully they check their phones during breaks.  Tongue

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33zer0w0lf
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April 06, 2014, 11:23:04 PM
 #1474

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.



(Agree that "We are looking in to this" needed asap to stop panic posts.)

I've been in IRC all day and haven't seen any acknowledgement of the issue.
what irc channel/server?

http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
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April 06, 2014, 11:34:27 PM
 #1475

It's normal

Code:
else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC
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April 06, 2014, 11:37:53 PM
 #1476

It's normal

Code:
else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC

Well, that's what I suspected while back and this is definitely a bug. So, we need to hear them acknowledge it and, once they decide on how to go about it, fix it.

Support Sidehack's miner development. Send donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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April 06, 2014, 11:49:53 PM
 #1477

It's normal

Code:
else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC

Well, that's what I suspected while back and this is definitely a bug. So, we need to hear them acknowledge it and, once they decide on how to go about it, fix it.

what a  stupid mistake!  dev let us down !

Block Rewards: From block 0-50 payout will be 1 to ensure a fair launch
1,000 from block 51-7000
                           (20,000)(1/√(Difficulty+500)) from block 7001-250,000
           (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
           (10,000)(1/√(Difficulty+500)) from block 500,001+

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April 06, 2014, 11:56:22 PM
 #1478

So until block 7k its only 1000 per block?

1000 is THE MOST the block reward will ever be! After block 7000 it will considerably less, dependent on the difficulty.

Regarding the confusion between the conflicting sets of formulae, I think it makes sense to assume that the following is the correct one, otherwise it doesn't really 'ensure a fair launch' ;

Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
            1,000 from block 251-7000
           (20,000)(1/√(Difficulty+500)) from block 7001-250,000
           (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
           (10,000)(1/√(Difficulty+500)) from block 500,001+

This is correct. Sorry, I've been keeping the OP up to date and haven't had a chance to do it on the pool. What's listed on the OP is what is correct, we had to make a few small adjustments to make sure everything runs smoothly. I will go through the last few posts and answer them directly, give me just a few min--lots of things going on so bear with us please. TY

as dev confirmed.
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April 07, 2014, 12:01:38 AM
 #1479



Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.

The above pic shows the reward increasing from 1000 to 400,000+ unless I am missing something. I am not a miner, but it is obvious that should not be happening.

Luckily, we are not on large xchanges where those coins would subsequentially be dumped!

Dev's will have to introduce a wallet update or fix to reset the blocks to what they are supposed to be at, correct?

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April 07, 2014, 12:01:52 AM
 #1480

Haha oops

(20,000)(1/√(Difficulty+500)(COIN)) does not equal (20,000)(√(Difficulty+500)(COIN))

452k NSubsidy output vs 888

Basic math ftw.

I also see some leftover code from the Charitycoin script they used to make this.

Quote
CScript CHARITY_SCRIPT;

Devs would have to fork the block chain back to the 6999 block at the risk of losing all transaction made from that point.  I believe every minute they wait this is getting worse. 
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