[Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS)

[madjules007]

PoS sounds like a great change. Added with some good promotion it could gain quite some attention.

[CleanWaterCoin]

PoS sounds like a great change. Added with some good promotion it could gain quite some attention.

Thanks

We just reached out to The Water Project (who accepts bitcoin) to see if we could sponsor a fundraising project on their platform. Charity Water said they were going to start accepting BTC, but it's been a few months and we haven't heard any news (one way or another). We'll let you know what we hear back.

[Auxi]

Scrypt or X11?

Please add fresh and nist5

[irbbq]

Your work and professionalism is highly appreciated Mindfox!

Looking forward to the new wallet. Guess the PoS structure will stay the same?

[RoyalSands]

When this goes PoS I will have officially stopped mining scrypt coins completely.  I'm ready for block 112,000.

[CleanWaterCoin]

Your work and professionalism is highly appreciated Mindfox!

Looking forward to the new wallet. Guess the PoS structure will stay the same?

Good question.

The PoS structure will actually be modified slightly. Below is a list of modifications that have been made:
• Staking will change from 20 days to 1 day
• Increase the maximum days calculated from 40 days to 90 days -- so if you have been with us longer, you will like this
• Fixed yearly interest rate of 8%

Mindfox is still testing the new wallets, but everything seems to be humming along nicely.

Note: I am not sure if we have said before or not but this will be a mandatory update. I'll check back in here soon as we get closer to compiling the wallets.

[YouIsPeng]

first of all, let me apologize for the long time of no posting in here.

I was hospitalized (heat + exhaustion + old age can do that to me from what it seems) and this turned my schedule upside down.

Regarding the new wallet. I don't know how many of you will take it, but we don't have the required hashrate to protect the blockchain from attacks.
Even with exchange's wallet frozen, someone attacked again (the huge spike in network hashrate shows that).
The problem is that although there is interest to mine for good cause, it looks like there's more interest to abuse those who are interested and try to double spend coins to literaly "steal" from exchanges or whoever is trading with CleanWater.
So, we decided that the best solution is to turn it into pure PoS and very close after that, setup a multi-pool where you will be able to mine with whatever algorithm you choose to (sha256, scrypt, x11, x13, scrypt-n, scrypt-jane) for coins and exchange them to buy cleanwatercoins which will be used as payment for your mining work.

By tomorrow we'll have a new wallet and the plan is to stop PoW at block height 112000 and accept only PoS blocks after that.

I'll keep you updated

Forgive me if this a stupid question, but I don't have much experience with PoS coins. I have been thinking about the total coin supply, which is stated as being capped at a maximum of 1,000,000,000 - how does this work when the coins are earning interest and minting new coins? Does the minting cease when the total coin supply has been reached or will the total coin circulation continue to increase forever?

[alterra]

20 blocks till end ) i hope

[alterra]

20 blocks till end ) i hope

seems like no 

[YouIsPeng]

By tomorrow we'll have a new wallet and the plan is to stop PoW at block height 112000 and accept only PoS blocks after that.

6 days later..

No new wallet.

No post explaining what (if anything) is happening.

No exchange to trade on.

No working block explorer.

[irbbq]

Well, I think they will have a reasonable excuse for not updating + finishing the wallet.

I'm certain Mindfox will deliver a finished product which will be worth the wait.

[TheLittleDuke]

Well, I think they will have a reasonable excuse for not updating + finishing the wallet.

I'm certain Mindfox will deliver a finished product which will be worth the wait.

+1

So much better to DO THIS RIGHT vs doing it over

Be patient!  Some things just take time :-)

Like the old project management joke:

"Ten women can't make a baby in a month"

[YouIsPeng]

Well, I think they will have a reasonable excuse for not updating + finishing the wallet.

I'm certain Mindfox will deliver a finished product which will be worth the wait.

If they have "a reasonable excuse" I would love to hear it. It only takes a minute to give us a progress report.

Mindfox posted on the 22nd that the wallet would be ready the following day. It is now the 28th and we have not heard a thing from him since. I don't mind waiting for things to be done properly but I am sick of the bullshit and lack of communication. If the wallet will take a week to fix then tell us that don't make promises you can't keep.

If there have been unforeseen problems which have delayed things then TELL US THAT. Don't just ignore the community as it is the community which will make this coin a success if it ever gets past all these issues.

[YouIsPeng]

Well, I think they will have a reasonable excuse for not updating + finishing the wallet.

I'm certain Mindfox will deliver a finished product which will be worth the wait.

+1

So much better to DO THIS RIGHT vs doing it over

Be patient!  Some things just take time :-)

Like the old project management joke:

"Ten women can't make a baby in a month"

How about "Three developers can't make a working coin in 4 months"

[IMJim]

Is the current wallet giving sync issues?  Have not been able to sync mine for a while now.

[irbbq]

Mine is up to date and seems to be working just fine, getting transactions from official pool continuously. Wouldn't mind a clarification wheter PoW really stopped at block 112000 or not.

Cheers,

[TheLittleDuke]

How about "Three developers can't make a working coin in 4 months"

LOL!  I have yet to meet a single crypto-developer who has the capacity to work on it full-time.  The fact of the matter is people have rent or mortgages to pay and family matters to attend to, and sometimes accidents and health issues divert our attention despite our best intentions.

I'm working to get more familiar with the codebase myself in part to help the guys working on GIVEcoin (which is still a viable X11 chain!)

As I've said before...if you're into CleanWaterCoin to make money you're not really committed to the coins core use case -- put that hashpower somewhere else ;-)

[mindfox]

I do lots of simulations in order to make sure that everything will work as it should, trying to be as proactive as I can be.
During one of my simulations, I spotted issues that may arise in the immediate future if not all users not update their wallets before they connect to the network. So, I had to do all the required steps to prevent that.
I'm sorry that I'm slow (to some people's measures) but I prefer to take it slow and release something that passed some QA tests, than have it blow in your face while normal usage. Wouldn't you agree?

[RoyalSands]

I do lots of simulations in order to make sure that everything will work as it should, trying to be as proactive as I can be.
During one of my simulations, I spotted issues that may arise in the immediate future if not all users not update their wallets before they connect to the network. So, I had to do all the required steps to prevent that.
I'm sorry that I'm slow (to some people's measures) but I prefer to take it slow and release something that passed some QA tests, than have it blow in your face while normal usage. Wouldn't you agree?

Agreed, I'm not complaining, thanks for your thoroughness!

[YouIsPeng]

I do lots of simulations in order to make sure that everything will work as it should, trying to be as proactive as I can be.
During one of my simulations, I spotted issues that may arise in the immediate future if not all users not update their wallets before they connect to the network. So, I had to do all the required steps to prevent that.
I'm sorry that I'm slow (to some people's measures) but I prefer to take it slow and release something that passed some QA tests, than have it blow in your face while normal usage. Wouldn't you agree?

I would agree 100%, thanks for the update.

I don't mind things taking time but as your last post said the wallet would be ready within a day you can understand concerns when we don't hear anything from you for a week. I only ask that you keep the community informed if delays occur so we're not left wondering what is going on.