[ANN] BTCtalkcoin [TALK] - Pure POS - Multipool Ready! - AirDrop Has Arrived

[BCCdev]

As everyone must be knowing we are moving towards a pure POS system. The block rewards were doubling every 6 hours but the network difficulty was not increasing at that rate. As a result miners got many BCC for even a low hashrate. Most probably these miners have sold some of the BCC driving the price down!

You haven't described how your POS system works.

Like every other POS system works! You have to keep your wallet open to mint. The rate is 15%

Daily, monthly, weekly, yearly, every decade?

Its yearly!

[Vann]

As everyone must be knowing we are moving towards a pure POS system. The block rewards were doubling every 6 hours but the network difficulty was not increasing at that rate. As a result miners got many BCC for even a low hashrate. Most probably these miners have sold some of the BCC driving the price down!

You haven't described how your POS system works.

Like every other POS system works! You have to keep your wallet open to mint. The rate is 15%

Daily, monthly, weekly, yearly, every decade?

Its yearly!

What's the minimum and maximum stake age? Thanks.

[BCCdev]

As everyone must be knowing we are moving towards a pure POS system. The block rewards were doubling every 6 hours but the network difficulty was not increasing at that rate. As a result miners got many BCC for even a low hashrate. Most probably these miners have sold some of the BCC driving the price down!

You haven't described how your POS system works.

Like every other POS system works! You have to keep your wallet open to mint. The rate is 15%

Daily, monthly, weekly, yearly, every decade?

Its yearly!

What's the minimum and maximum stake age? Thanks.

Minimum: 1 Day
Max: 180 Days

[smoky001]

whats up with block explorer? its not working since block 5000 

[BCCdev]

whats up with block explorer? its not working since block 5000 

Maybe wallet update missing for the explorer? don't know

We will contact them.

[Bigtruck45]

My wallet address was obliterated, is there a way to replace the wallet address for the airdrop?

[camcam]

last 26 block !!

[camcam]

last 10 block !!!

[THeZoiD]

are we still on the last block?

and how does the rest of the coins get confirm?

[coinjohn]

last block was 11547,
what about confirmations for the last mined blocks?

[THeZoiD]

would be nice to have news from the dev
 

[THeZoiD]

last 10 block !!!

Ok guys at 107.170.153.128 and dedicatedpool.com - you can go home now.  The last POW Block, #11547 has been found.  Move along...

Let's see now if the new BCC POS network can generate the next POS block... make sure you unlock your wallets!

I guess we will have to wait 24h for that.... the minimum POS time is 1 day.

Suspense!    No blocks generated for the next 24h - no possibility of transferring BCC from the pools to your wallets, or to the exchange, no more block confirmations for the next 24h - I just love it!

ok this is my first POS can you point me a good tuto to unlock the wallet?

[THeZoiD]

last 10 block !!!

Ok guys at 107.170.153.128 and dedicatedpool.com - you can go home now.  The last POW Block, #11547 has been found.  Move along...

Let's see now if the new BCC POS network can generate the next POS block... make sure you unlock your wallets!

I guess we will have to wait 24h for that.... the minimum POS time is 1 day.

Suspense!    No blocks generated for the next 24h - no possibility of transferring BCC from the pools to your wallets, or to the exchange, no more block confirmations for the next 24h - I just love it!

ok this is my first POS can you point me a good tuto to unlock the wallet?

Go to Help, Debug Window, type

Code:

walletpassphrase XXXXX 999999

where XXXXX is your wallet password, and 99999 is the number of seconds that you want your wallet to be unlocked

PS: make sure that your PC is not set to go to sleep... The wallet has to be ON for at least 24h, with some BCC in the wallet to get POS.

if my wallet is unencrypted...does it mean that im unlock?

[Vann]

last 10 block !!!

Ok guys at 107.170.153.128 and dedicatedpool.com - you can go home now.  The last POW Block, #11547 has been found.  Move along...

Let's see now if the new BCC POS network can generate the next POS block... make sure you unlock your wallets!

I guess we will have to wait 24h for that.... the minimum POS time is 1 day.

Suspense!    No blocks generated for the next 24h - no possibility of transferring BCC from the pools to your wallets, or to the exchange, no more block confirmations for the next 24h - I just love it!

ok this is my first POS can you point me a good tuto to unlock the wallet?

Go to Help, Debug Window, type

Code:

walletpassphrase XXXXX 999999

where XXXXX is your wallet password, and 99999 is the number of seconds that you want your wallet to be unlocked

PS: make sure that your PC is not set to go to sleep... The wallet has to be ON for at least 24h, with some BCC in the wallet to get POS.

Welcome to the new world of POS!  

You don't have to leave your computer on for 24 hours with the wallet open for staking to occur. As long as you have coins in the wallet that meet the minimum stake age of at least 1 day and less than 180 days, the coins will begin staking automatically once you have sufficient stake weight (a combination of number of coins eligible to staked and the number of days since the coins were last staked). You just need to leave the wallet open and unlocked every so often so that staking can occur. The higher the coins stake weight, the more likely staking will occur and the longer the coins take before staking, the more accrued interest you will receive up to the 15% yearly amount.

[Vann]

You don't have to leave your computer on for 24 hours with the wallet open for staking to occur. As long as you have coins in the wallet that meet the minimum stake age of at least 1 day and less than 180 days, the coins will begin staking automatically once you have sufficient stake weight (a combination of number of coins eligible to staked and the number of days since the coins were last staked). You just need to leave the wallet open and unlocked every so often so that staking can occur. The higher the coins stake weight, the more likely staking will occur and the longer the coins take before staking, the more accrued interest you will receive up to the 15% yearly amount.

Haaaaa.... you are taking all the fun out of this unique experience...

The anticipation of getting gifts at Xmas is always more fun than to receive them....

Ok then, let's listen to Vann and shut down ALL our wallets, and wait a couple of days to see if Santa came!

I wanted to be clear on how PoS works for the wallet. Leaving your computer on 24/7 with the wallet open and unlocked is a security risk that many people don't want to take.

[CoolGecko]

I just hope that our fearless leader BCCdev protected the coin from the latest POS exploit that crashed Whitecoin and AsiaCoin...

That's not what happened to AsiaCoin. The developer turned out to be a scammer.  A hidden premine was discovered in the code. The community is working on fixing that.

[CoolGecko]

I have some coins that haven't confirmed when POW stopped. Will they eventually confirm and do I need to continue mining for that to happen?

[teksensei]

last 10 block !!!

Ok guys at 107.170.153.128 and dedicatedpool.com - you can go home now.  The last POW Block, #11547 has been found.  Move along...

Let's see now if the new BCC POS network can generate the next POS block... make sure you unlock your wallets!

I guess we will have to wait 24h for that.... the minimum POS time is 1 day.

Suspense!    No blocks generated for the next 24h - no possibility of transferring BCC from the pools to your wallets, or to the exchange, no more block confirmations for the next 24h - I just love it!

Great, getting the final blocks payout will take days.

[Vann]

I have some coins that haven't confirmed when POS stopped. Will they eventually confirm and do I need to continue mining for that to happen?

The PoW blocks should have stopped at 11547. Those currently mining are just wasting hash. Seems the PoS blocks are taking a while to kick in. The current block is only gone up by two over the last couple hours. I hope it doesn't mean the PoS is fubar like WhiteCoin! There aren't enough PoS blocks generated yet for the coins stuck on pools to confirm.

Code:

23:11:05

{
"blocks" : 11549,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 6.69922114,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 281191651,
"pooledtx" : 0,
"testnet" : false
}

[Vann]

last 10 block !!!

Ok guys at 107.170.153.128 and dedicatedpool.com - you can go home now.  The last POW Block, #11547 has been found.  Move along...

Let's see now if the new BCC POS network can generate the next POS block... make sure you unlock your wallets!

I guess we will have to wait 24h for that.... the minimum POS time is 1 day.

Suspense!    No blocks generated for the next 24h - no possibility of transferring BCC from the pools to your wallets, or to the exchange, no more block confirmations for the next 24h - I just love it!

Great, getting the final blocks payout will take days.

OK, so I guess we have to wait 24 hours for coins to have enough stake weight to generate PoS blocks. After that the coins will confirm.