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

[johnies]

Regarding changing algo's, the litcoin devs shared important opinions and details about switching. Read what they had to say here: https://litecointalk.org/index.php?topic=18166.0


**Edit**
X11 is still new, we need more time to watch it and see how it grows/functions over time. Waiting a month and analyzing X11 over that time makes more sense than rushing into it and finding out potential issues later. You guys should appreciate that we are taking extremely careful consideration, there are many factors at play and taking more time to determine those will only benefit us. It's our responsibility to provide a stable, healthy, and valuable coin--we cannot do that with knee jerk reactions.

Thank you, that seems a wise decision. You have at least my support.

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[kache]

Regarding changing algo's, the litcoin devs shared important opinions and details about switching. Read what they had to say here: https://litecointalk.org/index.php?topic=18166.0


**Edit**
X11 is still new, we need more time to watch it and see how it grows/functions over time. Waiting a month and analyzing X11 over that time makes more sense than rushing into it and finding out potential issues later. You guys should appreciate that we are taking extremely careful consideration, there are many factors at play and taking more time to determine those will only benefit us. It's our responsibility to provide a stable, healthy, and valuable coin--we cannot do that with knee jerk reactions.

It's a really bad idea to wait, because the more you wait, the more difficult it's gonna be to change. X11 is mature enough (over 3 months now) for use, and now that you're at the very beginning you can change algo fast, without big technical AND POLITICAL risks.
The more you wait, the more difficult it's gonna be, as that Litecoin post you linked has proven pretty well. Litecoin is just too big to make that big of a change without a huge risk, you're still small, you can do it while you're still small.

[Invisible Hands]

I put in a request to get CWC added to MintPal's voting list.  My request is currently being reviewed.  I gave them a link to this thread.

You can send a request to:

support@mintpal.com

[Invisible Hands]

tl;dr

ASIC's will keep evolving and algo's to block their usage will keep evolving.  It is as simple as that whether you like it or not.

[First2fight]

Regarding changing algo's, the litcoin devs shared important opinions and details about switching. Read what they had to say here: https://litecointalk.org/index.php?topic=18166.0

They have a point. Stability vs. endless software-hardware race. Most of the people are neither economists nor IT-related specialists, therefore they just can't analyze all ups and downs of this. So Litecoin guys are acting rather like some FRS bosses to calm down the public. It's all about the crowd reaction, IMHO.

[zero3112]

Is this already a waste of electricity to cpu mine?

[platorin]

Is this already a waste of electricity to cpu mine?

Well, actually, at this moment it is very profitable to mine. 12 months from now it will be a waste of electricity.

[CleanWaterCoin]

First post has been updated with all new exchanges. Let me know if I missed one.

  Exchanges  

NXT-e.com
Bittrex.com
Coin-Swap.net
PtoPex.com

[djm34]

Is this already a waste of electricity to cpu mine?

Well, actually, at this moment it is very profitable to mine. 12 months from now it will be a waste of electricity.

define profitable ? (on what exchange are you ?)

[CleanWaterCoin]

Is this already a waste of electricity to cpu mine?

Well, actually, at this moment it is very profitable to mine. 12 months from now it will be a waste of electricity.

define profitable ? (on what exchange are you ?)

I think he is referring to the low diff since the coin is new and the ability to mine more coins now vs 12 months from now when the difficulty will be higher because of popularity. Profitability will increase as we build a larger community with more WATER based services, websites, and features. Game sites, gambling sites, faucets, tip bots---those will be very helpful in building the community beyond bitcointalk. We will start a fund so that we can offer some sort of incentive for those things.

[platorin]

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?

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[DigitalDrops]

Nice to see a charity coin that actually works! Props! 

Haha, thanks!

[First2fight]

Nice to see a charity coin that actually works! Props! 

Haha, thanks!

This was a little disturbing

[DigitalDrops]

Nice to see a charity coin that actually works! Props! 

Haha, thanks!

This was a little disturbing

<3

[WALKEN-COIN]

"Dear Mintpal Team,

Love your exchange. Was hoping to see CleanWaterCoin added to your vote list. The coin only launched a few days ago and has already raised $1900.00 in charity, and has great potential to be the next big charity coin.

http://www.cleanwatercoin.org/

https://bitcointalk.org/index.php?topic=526513.0

Thank you!"

Interesting price gaps on the current swaps/exchanges. Sellers perceive some high value over at

https://www.nxt-e.com/default.aspx?m=water_btc#

I sure hope real prices reach those levels!

[midnight_rgs]

Buying cwc, 10k = 0.05 btc.

Don't trade, he don't pay!!!

[Water_kel]

Buying cwc, 10k = 0.05 btc.

Don't trade, he don't pay!!!

Be careful of scammers!
Use the exchange

[voxelot]

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

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

[nobodywanttocry]

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