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Author Topic: [ANN] CommunityCoin (COMM) | Pure PoS | Original COMM MultiPools Coming Soon  (Read 523711 times)
Amph
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May 03, 2014, 08:23:23 PM
 #10041

How long do i have to wait for staking? I got open wallet and nothing happening. is it me or just a common occurence?

You need to encrypt your wallet, then open it.
Only then will staking happen.

You mean he has to click on 'Unlock Wallet' right?

you need to unlock it

you get 30% per years, so for 1M comm this mean

(30% of 1M)/365 = 821 a day

i'm not really sure but if the diff is very low you mint more times per day

some days i do only 1600 other days 3k, it's random, because it is based on the diff too

I think in the end it does not matter. Coins accumulate coin-days in your wallet.
The coin-days are the main factor that determine the amount of coins you get when your turn comes to minting.
The diff only states how often you can mint.
As you will have accumulated more coin days before you mint with a higher diff, the amount of coins you receive is bigger.
Thus, the two effects cancel out.
High diff => seldom big staking
Low diff => often tiny staking

yeah you are correct, because you don't mint based on the same amount of coin, some day you mint with a stake of 100k of your total stake and other day with 300k, just an example

As the result of our talking :

- You need to unlock your wallet and open it to do minting
- you can calculate your profit By this Equation (30% of 1M)/365 = 821 a day ..IM an Example here ..
- But also it Depends on diff(Low-High)

To add the last point @Amph &other ..Do you leave your wallet running for continually 24H ()


yeah i'm leaving it open(not continuously, as i don't run my pc all day), but i know that even if it is closed, it work
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evi_stale
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May 03, 2014, 08:25:13 PM
 #10042

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?
evi_stale
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May 03, 2014, 08:26:51 PM
 #10043

Who are those people buying anyway? Is it you guys?
sameev29
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May 03, 2014, 08:40:36 PM
 #10044

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?

Where were you when it rose high.Why are you just putting up the downside.

Of course there is plan from dev.He is working as we speak here against each other.
evi_stale
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May 03, 2014, 08:44:20 PM
 #10045

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?

Where were you when it rose high.Why are you just putting up the downside.

Of course there is plan from dev.He is working as we speak here against each other.

I've been here for a very long time and didn't sell in the beginning when it was high.
Can you tell me what projects the dev is working on if you think you know more than me? Are you also a dev's communicator?
sameev29
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May 03, 2014, 08:46:29 PM
 #10046

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?

Where were you when it rose high.Why are you just putting up the downside.

Of course there is plan from dev.He is working as we speak here against each other.

I've been here for a very long time and didn't sell in the beginning when it was high.
Can you tell me what projects the dev is working on if you think you know more than me? Are you also a dev's communicator?

I have been here from the beginning.I am not dev's communicator and yes there are development going on.You don't know about it doesn't mean its not happening.
evi_stale
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May 03, 2014, 08:59:48 PM
 #10047

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?

Where were you when it rose high.Why are you just putting up the downside.

Of course there is plan from dev.He is working as we speak here against each other.

I've been here for a very long time and didn't sell in the beginning when it was high.
Can you tell me what projects the dev is working on if you think you know more than me? Are you also a dev's communicator?

I have been here from the beginning.I am not dev's communicator and yes there are development going on.You don't know about it doesn't mean its not happening.

Do you know about them so that we can promote it via social media?
Secondleo
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May 03, 2014, 09:16:45 PM
 #10048

The value of comm keeps going down day by day. Even scam coins have done better than this.
Is there any plan from the dev?

Where were you when it rose high.Why are you just putting up the downside.

Of course there is plan from dev.He is working as we speak here against each other.

I've been here for a very long time and didn't sell in the beginning when it was high.
Can you tell me what projects the dev is working on if you think you know more than me? Are you also a dev's communicator?

I don't think he is.
I can speak of ideas being bounced around in here and discussed at the forum. But I know of nothing concerning the dev.
I am no spokesperson though.
Spekkoper
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May 03, 2014, 09:35:55 PM
 #10049

Comm is going through the floor what's going on

I was just about to buy at 71, then it went to 64, then 54, 40, 30 ...


what's happening Huh??

it's at 69, what are you talking about?

just FUD

It´s not FUD the price was 36 on Cryptsy  today after another drop of 3 million coins. Price now around 67 satoshi
fish731
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May 03, 2014, 09:37:04 PM
 #10050

Has the dev updated the wallet to allow minting a locked wallet?
Secondleo
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May 03, 2014, 09:38:25 PM
 #10051

Has the dev updated the wallet to allow minting a locked wallet?

No. This is point of discussion at the forum. There are a lot of points to consider.
Majormax
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May 03, 2014, 09:51:11 PM
 #10052

COMM is not so hot these days. The price is down to earth. ppl have dumped all their coins and left for new coins.

Due to the classic mistake of a too high block reward.

The block reward is nil. There is no PoW.

If you meant the stake rate, it is not high enough IMO.
foroplus
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May 03, 2014, 09:53:38 PM
Last edit: May 03, 2014, 10:46:57 PM by foroplus
 #10053

Hi everyone. I've been following communitycoin during the last three-four weeks and I think the project is awesome, as it's community is really vibrant. The voting on Mintpal was incredible.

So, I want to work with this community. I've coded a site which is on

http://comm.hopto.org/comm/

The original coding was done for Pesetacoin for me recently and I have changed it to fit comm requirements.
The site is under construction, but fully operational to play dice game.

If you think it is interesting, please donate a small amount to the address listed on my footer signature to start rolling it, and of course, have a good time playing dice.

You can use the site, on account page,  as an online wallet, as well

Further development are to be done if comm users are interested.

Thanks in advance for donations/pledges.

evi_stale
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May 03, 2014, 10:05:34 PM
 #10054

@foroplus: Sorry I'm not interested in stupid dice games. I was really exited when I read that you made a site, but it really is not what we need  Roll Eyes

I want the dev to show leadership and progression or collect a team that is able to do so, otherwise ZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzz
Secondleo
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May 03, 2014, 10:42:24 PM
 #10055

@foroplus: Sorry I'm not interested in stupid dice games. I was really exited when I read that you made a site, but it really is not what we need  Roll Eyes

I want the dev to show leadership and progression or collect a team that is able to do so, otherwise ZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzz

Dude, you know the communitythingy? Like, people working together n' shit?
Coming here and bashing people who actually do something while demanding that more has to be done, is kinda ridiculous. Internet at it's best.

Go pledge a bounty for something you think is interesting or look around and find a project of your own.
evi_stale
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May 03, 2014, 10:45:54 PM
 #10056

@secondleo: The dev has already a bounty pot, but there are no projects. There are many people with tech skills but it looks like they don't want to work for comm.
Adriano
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May 03, 2014, 10:51:21 PM
 #10057

How long do i have to wait for staking? I got open wallet and nothing happening. is it me or just a common occurence?
24 H ..Any New transaction will delay minting process for anther 24H ..if you have 800-1000COMM


So you saying i shouldn't deposit while staking as it resets the days accrued, am i correct? Sorry for being noob...

Try To Make two wallets one for minting and another for Desp\Withdr..

Does the minting gets disabled for 24 hours even when minted coins come in?
Someone should write a explanatory document about STAKING as crypto currency heading this way.

Receiving deposits doesn't do anything to the previous transactions. The problem is when you send coins because that transaction is "consumed" and its time reset (remember that in crypto one transaction has to be entirely consumed and if there is any change it is sent to you as a brand new transaction).

Also, when you "mint" new coins, what exactly happens is the following: only one of your transactions is chosen as input, the minted amount is calculated based on that transaction and two new transactions are generated as output, each one with half of the new value. That's why at the beginning you mint higher values less often and after some time you mint lower values but more often.

Lets see an example:

1. you receive 1000000 as one transaction
2. after 24 hours your wallet will start try submit minted coins over this transaction;
3. at some point your minted coins will be accepted, lets say you earned 2000 new coins;
4. the old transaction of 1000000 is used to create two new outputs of 501000 each, this makes the time start over;
5. after 24 hours of the step 4, your wallet will choose one of the two transactions to mint;
6. at some point it will succeed and your coins will be accepted by other nodes, lets say this minted 1000 coins;
7. one of the old transactions of 502000 is used to create two new outputs of 251500.

After step 7 you have in your wallet:
1 transaction of 502000 (which your wallet will keep trying to mint new coins over as it is older than 24 hours);
2 transactions of 251500 which have their age zeroed

If you receive new coins it does nothing with those transactions so the first one will keep trying to submit minted coins.
If you spend coins, it is possible that the transaction is used as input, generating a new transaction as change with age = zero; that's why spending coins might interfere in the process of stake

I hope this can bring some light on the issue and help with the recurring doubts people have about it.



Adriano

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evi_stale
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May 03, 2014, 10:52:53 PM
 #10058

There is harly any trade. Volume is around 4 BTC in the last 24 hours. If you look for example at Microcoin which sells for 1 or 2 SAT it has a volume for more tham 36 BTC. Why is this, maybe someone can explain this?
sameev29
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May 03, 2014, 10:55:34 PM
 #10059

There is harly any trade. Volume is around 4 BTC in the last 24 hours. If you look for example at Microcoin which sells for 1 or 2 SAT it has a volume for more tham 36 BTC. Why is this, maybe someone can explain this?

Microcoin has been around for more longer than COMM.People are just waiting for the rise on COMM>Than you will see the trade volume.  Wink
evi_stale
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May 03, 2014, 11:09:03 PM
 #10060

There is harly any trade. Volume is around 4 BTC in the last 24 hours. If you look for example at Microcoin which sells for 1 or 2 SAT it has a volume for more tham 36 BTC. Why is this, maybe someone can explain this?

Microcoin has been around for more longer than COMM.People are just waiting for the rise on COMM>Than you will see the trade volume.  Wink

Ok thanks I'll be patient.
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