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Author Topic: [ANN] [YC] YellowCoin ★★Pure POS★★ Let's color the MOON !!!1.0.0.3 Updated  (Read 185328 times)
cryptobear
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May 05, 2014, 04:21:58 PM
 #1341

We change a little our rules due to 10% POS period:
to give our miners full opportunities of POS-mining we are starting to make withdrawals 5-6 times per day(so you could start pos earlier). However, to decrease loss for transaction fee we increase minimal withdraw size to 50YC.(about 4h on 500Kh/s GPU)


Just received my first payment for X11 pool, awesome Grin
Nice, we already paid more than 30k YC.
By the way, be careful with poloniex: they work very slow today(our system even decided that poloniex doesn't work). Moreover they currently pended withdrawals, (I compensated these YC from my own pocket)

>>> multiwallet [Anon Nano wallet technology] <<< (https://bitcointalk.org/index.php?topic=752808)
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May 05, 2014, 04:48:38 PM
 #1342

We change a little our rules due to 10% POS period:
to give our miners full opportunities of POS-mining we are starting to make withdrawals 5-6 times per day(so you could start pos earlier). However, to decrease loss for transaction fee we increase minimal withdraw size to 50YC.(about 4h on 500Kh/s GPU)


Just received my first payment for X11 pool, awesome Grin
Nice, we already paid more than 30k YC.
By the way, be careful with poloniex: they work very slow today(our system even decided that poloniex doesn't work). Moreover they currently pended withdrawals, (I compensated these YC from my own pocket)

Thanks, I'll keep on mining here, I like the interface of pool.

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May 05, 2014, 05:36:20 PM
 #1343

A small YellowCoin article has appeared!

http://www.cryptoarticles.com/crypto-news/2014/5/5/yellowcoin-powpos-hybrid-with-the-cheapest-multipool-during-pos-phase#


Like & Share please Smiley
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May 05, 2014, 08:06:47 PM
 #1344


Interesting

⚫️⚫️⚫️ BlockPool.io  |        • Resources   • Website   • Slack
⚫️⚫️⚫️ BlockPool.io  |   Real World B2B Blockchain solutions  |   Join the TEC - May 1st - Jun 30th
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May 05, 2014, 08:15:03 PM
 #1345

Yellowcoin is moving up the voting charts - to position number 6 at MINTPAL!

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May 05, 2014, 09:36:36 PM
 #1346

Hi everyone bought into Yellowcoin! excited for it's future.

I'm new to PoS, could someone please explain how it works to me.

I moved my coins into the wallet 24hrs ago and have clicked the unlock button on the wallet.

Is this correct?

When should i begin seeing stake returns?

Thanks hope you are all well!

IAGON  ⚡️ WE REVOLUTIONIZE THE CLOUD ⚡️
  LINK TO TOKEN SALE | LINK TO DISCUSSION
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May 05, 2014, 10:05:20 PM
 #1347

OK, for those of you who are running v1.0.0.1 with their wallet unlocked and yet don't think they are getting their 10% PoS:

First of all, have you received any PoS mining rewards since 4th May? If you have one in the last 24hrs yet it is far too small to be a 10% reward then something isnt right at all - suggest you backup your wallet.dat then flush all your YC files and the data folder from %user%/appdata/roaming, then reinstalling the new wallet from scratch.

If you haven't received any PoS mining reward at all (the crossed hammers symbol, listed as "mined" under Transactions) then close your YC wallet, wait 5 min and then reopen it and unlock it. Clcik the Help menu and "Debug Window", then from that window "Open" the debug log file. Start from the bottom end of the log and scroll up, you'll see a load of "IRC got who" lines then above that is the log of the wallet client starting. Important thing to look for is the "CPUMiner started for proof-of-stake" line, if its not there then your wallet isnt processing your PoS and you probably need to do the reinstall. There is a way you can disable the PoS CPUminer, but if you know enough to do that you probably dont need my help.

Assuming it all looks ok then you just need to be patient, and bear in mind how PoS works - I believe the YC system is based on that introduced originally by Peercoin, where the PoS minting process is dependent on your coin age in a sort of lottery process. Whilst your wallet is running and you have coins which have been sitting in it for longer than the required staking period (24 hours here), it will generate a block every so often attempting to "claim" your PoS reward. As in PoW mining your block has to be accepted by the network to be recorded as a successful transaction and your coins to be credited, otherwise it could be rejected as superceded (someone else beat you to it), or get orphaned as part of a rejected blockchain fork.

The PoS mining difficulty remains very low in order to make it possible for any CPU to create blocks, so that isnt used to enforce the 20sec block creation time. I'm guessing a bit here, and ppl are welcome to correct me, but looking at the blockchain explorer the critical factor seems to be average coin age, which is currently around 2.8 days. Bear in mind that when you receive a PoS reward the age of all your coins is reset to zero, so at the current rate you have to wait another 2 days and 20hrs to receive your next PoS reward. You dont lose out though, as you should get nearly 3 days worth of PoS interest then.

With so many actively staking wallets and a 20sec block time its not possible to average a daily payout, looks like around once every 3 days....


Pool admin @ http://cryptonotepool.org.uk/ - for miners who value reliability (and like orange)!
Currently donating all of our 1% pool fee to the dev fund - mine at CryptonotepoolUK and support XMR at no extra cost!
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May 05, 2014, 10:21:56 PM
 #1348

OK, for those of you who are running v1.0.0.1 with their wallet unlocked and yet don't think they are getting their 10% PoS:

First of all, have you received any PoS mining rewards since 4th May? If you have one in the last 24hrs yet it is far too small to be a 10% reward then something isnt right at all - suggest you backup your wallet.dat then flush all your YC files and the data folder from %user%/appdata/roaming, then reinstalling the new wallet from scratch.

If you haven't received any PoS mining reward at all (the crossed hammers symbol, listed as "mined" under Transactions) then close your YC wallet, wait 5 min and then reopen it and unlock it. Clcik the Help menu and "Debug Window", then from that window "Open" the debug log file. Start from the bottom end of the log and scroll up, you'll see a load of "IRC got who" lines then above that is the log of the wallet client starting. Important thing to look for is the "CPUMiner started for proof-of-stake" line, if its not there then your wallet isnt processing your PoS and you probably need to do the reinstall. There is a way you can disable the PoS CPUminer, but if you know enough to do that you probably dont need my help.

Assuming it all looks ok then you just need to be patient, and bear in mind how PoS works - I believe the YC system is based on that introduced originally by Peercoin, where the PoS minting process is dependent on your coin age in a sort of lottery process. Whilst your wallet is running and you have coins which have been sitting in it for longer than the required staking period (24 hours here), it will generate a block every so often attempting to "claim" your PoS reward. As in PoW mining your block has to be accepted by the network to be recorded as a successful transaction and your coins to be credited, otherwise it could be rejected as superceded (someone else beat you to it), or get orphaned as part of a rejected blockchain fork.

The PoS mining difficulty remains very low in order to make it possible for any CPU to create blocks, so that isnt used to enforce the 20sec block creation time. I'm guessing a bit here, and ppl are welcome to correct me, but looking at the blockchain explorer the critical factor seems to be average coin age, which is currently around 2.8 days. Bear in mind that when you receive a PoS reward the age of all your coins is reset to zero, so at the current rate you have to wait another 2 days and 20hrs to receive your next PoS reward. You dont lose out though, as you should get nearly 3 days worth of PoS interest then.

With so many actively staking wallets and a 20sec block time its not possible to average a daily payout, looks like around once every 3 days....



Thank you, very clear and concise! I have checked it out and all seems as it should be. I will leave the pc on for longer and hope the Stakes start rollling in!

Thank you again

IAGON  ⚡️ WE REVOLUTIONIZE THE CLOUD ⚡️
  LINK TO TOKEN SALE | LINK TO DISCUSSION
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May 05, 2014, 10:38:28 PM
 #1349

OK, for those of you who are running v1.0.0.1 with their wallet unlocked and yet don't think they are getting their 10% PoS:

First of all, have you received any PoS mining rewards since 4th May? If you have one in the last 24hrs yet it is far too small to be a 10% reward then something isnt right at all - suggest you backup your wallet.dat then flush all your YC files and the data folder from %user%/appdata/roaming, then reinstalling the new wallet from scratch.

If you haven't received any PoS mining reward at all (the crossed hammers symbol, listed as "mined" under Transactions) then close your YC wallet, wait 5 min and then reopen it and unlock it. Clcik the Help menu and "Debug Window", then from that window "Open" the debug log file. Start from the bottom end of the log and scroll up, you'll see a load of "IRC got who" lines then above that is the log of the wallet client starting. Important thing to look for is the "CPUMiner started for proof-of-stake" line, if its not there then your wallet isnt processing your PoS and you probably need to do the reinstall. There is a way you can disable the PoS CPUminer, but if you know enough to do that you probably dont need my help.

Assuming it all looks ok then you just need to be patient, and bear in mind how PoS works - I believe the YC system is based on that introduced originally by Peercoin, where the PoS minting process is dependent on your coin age in a sort of lottery process. Whilst your wallet is running and you have coins which have been sitting in it for longer than the required staking period (24 hours here), it will generate a block every so often attempting to "claim" your PoS reward. As in PoW mining your block has to be accepted by the network to be recorded as a successful transaction and your coins to be credited, otherwise it could be rejected as superceded (someone else beat you to it), or get orphaned as part of a rejected blockchain fork.

The PoS mining difficulty remains very low in order to make it possible for any CPU to create blocks, so that isnt used to enforce the 20sec block creation time. I'm guessing a bit here, and ppl are welcome to correct me, but looking at the blockchain explorer the critical factor seems to be average coin age, which is currently around 2.8 days. Bear in mind that when you receive a PoS reward the age of all your coins is reset to zero, so at the current rate you have to wait another 2 days and 20hrs to receive your next PoS reward. You dont lose out though, as you should get nearly 3 days worth of PoS interest then.

With so many actively staking wallets and a 20sec block time its not possible to average a daily payout, looks like around once every 3 days....



Thank you, very clear and concise! I have checked it out and all seems as it should be. I will leave the pc on for longer and hope the Stakes start rollling in!

Thank you again
The POS rewards are coming in small chunks every few hours, but in addition it's roughly 10% per day.

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CureCoin: B78ozT6ChVMxiB5dMaY9d5rdzZ5GZvn9hT -- A giant leap for mankind! -- Start folding proteins now.
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May 05, 2014, 10:57:13 PM
 #1350


The POS rewards are coming in small chunks every few hours, but in addition it's roughly 10% per day.

I think that may happen if your wallet consists of several different addresses holding coins, they will be aging at different rates. I was just looking up my PoS rewards in the blockchain explorer (http://www.yellow-coin.com:1777/) and noticed that there are separate awards for each receiving address.

Pool admin @ http://cryptonotepool.org.uk/ - for miners who value reliability (and like orange)!
Currently donating all of our 1% pool fee to the dev fund - mine at CryptonotepoolUK and support XMR at no extra cost!
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May 05, 2014, 11:20:43 PM
 #1351


The POS rewards are coming in small chunks every few hours, but in addition it's roughly 10% per day.

I think that may happen if your wallet consists of several different addresses holding coins, they will be aging at different rates. I was just looking up my PoS rewards in the blockchain explorer (http://www.yellow-coin.com:1777/) and noticed that there are separate awards for each receiving address.
Good point. I've got 3 addresses.

ReserveShare - 100% Free and Fair. New source code. Proof Of Reserve
CureCoin: B78ozT6ChVMxiB5dMaY9d5rdzZ5GZvn9hT -- A giant leap for mankind! -- Start folding proteins now.
BitcoinDark: RF4asDkANqyb65yHaoEX8X896ek8eKrLhL -- Unprecedented! Check it out.
ycz
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May 06, 2014, 04:01:39 AM
 #1352

OK, for those of you who are running v1.0.0.1 with their wallet unlocked and yet don't think they are getting their 10% PoS:

First of all, have you received any PoS mining rewards since 4th May? If you have one in the last 24hrs yet it is far too small to be a 10% reward then something isnt right at all - suggest you backup your wallet.dat then flush all your YC files and the data folder from %user%/appdata/roaming, then reinstalling the new wallet from scratch.

If you haven't received any PoS mining reward at all (the crossed hammers symbol, listed as "mined" under Transactions) then close your YC wallet, wait 5 min and then reopen it and unlock it. Clcik the Help menu and "Debug Window", then from that window "Open" the debug log file. Start from the bottom end of the log and scroll up, you'll see a load of "IRC got who" lines then above that is the log of the wallet client starting. Important thing to look for is the "CPUMiner started for proof-of-stake" line, if its not there then your wallet isnt processing your PoS and you probably need to do the reinstall. There is a way you can disable the PoS CPUminer, but if you know enough to do that you probably dont need my help.

Assuming it all looks ok then you just need to be patient, and bear in mind how PoS works - I believe the YC system is based on that introduced originally by Peercoin, where the PoS minting process is dependent on your coin age in a sort of lottery process. Whilst your wallet is running and you have coins which have been sitting in it for longer than the required staking period (24 hours here), it will generate a block every so often attempting to "claim" your PoS reward. As in PoW mining your block has to be accepted by the network to be recorded as a successful transaction and your coins to be credited, otherwise it could be rejected as superceded (someone else beat you to it), or get orphaned as part of a rejected blockchain fork.

The PoS mining difficulty remains very low in order to make it possible for any CPU to create blocks, so that isnt used to enforce the 20sec block creation time. I'm guessing a bit here, and ppl are welcome to correct me, but looking at the blockchain explorer the critical factor seems to be average coin age, which is currently around 2.8 days. Bear in mind that when you receive a PoS reward the age of all your coins is reset to zero, so at the current rate you have to wait another 2 days and 20hrs to receive your next PoS reward. You dont lose out though, as you should get nearly 3 days worth of PoS interest then.

With so many actively staking wallets and a 20sec block time its not possible to average a daily payout, looks like around once every 3 days....



Thanks a lot for your explanation. I will observe to see how it goes.

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May 06, 2014, 06:09:30 AM
 #1353

Don't forget to vote for YC on Mintpal every hour! Moon!

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Specialkey
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May 06, 2014, 09:20:02 AM
 #1354

Mintpal just spend a small amoount;-)

I spent in the meantime round about 10 bucks.

Just do it;-)
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May 06, 2014, 09:39:27 AM
 #1355

Mintpal just spend a small amoount;-)

I spent in the meantime round about 10 bucks.

Just do it;-)
+1
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May 06, 2014, 11:51:06 AM
 #1356

Don't forget to vote for YC on Mintpal every hour! Moon!
Just added 5 votes before I came here to post. I am continuously voting for YC and hope it will be listed in mintpal one day.

FootballCoin: FkVmvtPHTKQLUMpZM1gXqsKGYte5zBZFx1
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May 06, 2014, 12:10:00 PM
 #1357

For some reason, i think this is the best coin currently on the market.  Grin At least at this moment, looking to start my own coin, in the same way as Yellowcoin but more linked to outside events, and not just services on the web.
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May 06, 2014, 12:44:25 PM
 #1358

Voting it hard on Mintpal, we are going uuuup!  Smiley
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May 06, 2014, 12:49:39 PM
 #1359

how do we know that it is not a scam coin? just because now sell t-shirts ....

DEV What are you working? what are the prospects for the future?


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May 06, 2014, 12:52:10 PM
 #1360

The Multipool address is here http://50.19.166.179/ .    :)heh      

should be under   logo   this big    http://50.19.166.179/



great pool,,simple       profitable?,,of course




pump it up    ,,  YELLOWCOIN people    

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