[ANN][ENRG]Energycoin - Android Released - Bittrex -

[ranlo]

The biggest area that this new pi might effect is any future enhancements to the wallet or coin. I would expect that the older pis would be to limited in power to do much in the way of adding new things to the wallet.

I would also think that the new pi my reduce the time it takes to verify a blockchain download.  My B+ took the better part of 1 week to do a fresh download and verify of the block chain after I did a fresh raspbian install.

I'd love someone to correct me if I'm wrong, but I think reading the blockchain is more HDD/RAM-based than CPU. At least from my experience, when the system is syncing, my HDD read speed and RAM usage shoot through the roof, while the CPU isn't affected much. And when syncing is done, HDD/RAM both cool down.

 It dose indeed depend a lot on Hard drive speed and indeed, i use a 16 GB class 10 card for the blockchain, not an external drive, so that can affect my personal results but I also know that if you have the extra RAM ( as the new pi dose ) with the extra CPU cores, you should see an improvement in speed. it is hard to say because a lot goes into performance on a system. The hard drive and RAM do not work independently of everything else on a system, so, depending on the application and type of data you can see no change or a really big change in speed.   

 I would also think that you would want efficient systems that can scale with the higher number of transactions the network might see if the coin really takes off. In any event, since I will be getting a V2 Pi for other applications anyway, there is no harm in seeing if the thing has any speed advantages.

If you could benchmark the difference between the two on some way, that would be awesome. Curious to see the differences.

[ranlo]

When synced it is very energy efficient I confirm.

About Energy GHZ the dividends of January are payed. The payments were not impressive but if take the BTC-rate into account I'm satisfied.

Also some nice buy support today @Bittrex!

I talking with shareholder of GPX EnergyBank for application for EnergyCoin.
The value we have in mind is 1 ENRG = 1 KWH

As in being able to use ENRG to pay for electric bills, or something else?

Electric bills and green energy market and maybe more.

Awesome! What would be cool is if people could get a discount by paying electric in ENRG. Even 5% would make a huge difference for a lot of people. And it would boost the economy by creating liquidity. People complain because "the company would just dump them on the market," but that's what a currency is. It's something that's liquid enough to actually use. Not wait a week for someone to buy it. And while liquidity will make it volatile for a short while, it will balance out and then we will have a solid value. Whether it's higher or lower than it is now is irrelevant. Until volatility ends, it's not really usable.

[crypto4jan]

Indeed awasome but I'm just talking now and I have to talk a lot more.
I mentioned before for de development of application I focus now for green energy application.

For the tree collection application I hope CheckCoin can be the currency I need.
With BitSend-team (developers of CheckCoin) I work together for Geo-Information applications of Cryptocurrency.
I see also some Geo-Information application for EnergyCoin for example coins on te roof for stimulation solar panels or rewarding driving energy efficiant with electric cars or hybrids, there are move geo-information parameters and BitSend can help me to develop.
If I have a more formal agreement with them I use kawa900jc for promotion of CheckCoin.
All other coins I look at are for research.

[platinumjsi]

Hi guys, any idea on the transaction creation failed problem? I have to send smaller and smaller amounts each time to get the transaction to go through, its getting to the point now where I just cant use the coins as the transactions that work are to small.

I now cant send more than 10k coins at a time which is useless for me now :/

[crypto4jan]

Hi guys, any idea on the transaction creation failed problem? I have to send smaller and smaller amounts each time to get the transaction to go through, its getting to the point now where I just cant use the coins as the transactions that work are to small.

EnergyCR is workking on this problem.
It is caused by the many blocks after splitting stake.
We go implement a minimun splitting value of 1000 ENRG.
If you check coincontroll you see very munch small blockes.
I combine now often small blockes now into bigger ones in the wallet.

[platinumjsi]

Is there a fix at the moment or do I need to wait for the next wallet update?, Considering ditching this coin as this is a very big issue for me.

[crypto4jan]

Is there a fix at the moment or do I need to wait for the next wallet update?, Considering ditching this coin as this is a very big issue for me.

No there is no fix. Just send he coins to another adress in small portions and then regulary combine the new small blockes into fresh new ones. Before we update the wallet we have to be sure it workes without errors.

[platinumjsi]

Is there a fix at the moment or do I need to wait for the next wallet update?, Considering ditching this coin as this is a very big issue for me.

No there is no fix. Just send he coins to another adress in small portions and then regulary combine the new small blockes into fresh new ones. Before we update the wallet we have to be sure it workes without errors.

Yea like I say though thats pretty much become impossible for me now as I cant send more than 10k per go, I have 1.6mill in my wallet.

[crypto4jan]

Is there a fix at the moment or do I need to wait for the next wallet update?, Considering ditching this coin as this is a very big issue for me.

No there is no fix. Just send he coins to another adress in small portions and then regulary combine the new small blockes into fresh new ones. Before we update the wallet we have to be sure it workes without errors.

Yea like I say though thats pretty much become impossible for me now as I cant send more than 10k per go, I have 1.6mill in my wallet.

Wich wervion af wallet you are using?
Only 10k is very bad so maybe using the latest version would help.

[Lovethecoins]

Why energycoin doesnt get the attention some of these shitcoins get is beyond me!

Seems like 100satoshi was so long ago!

[crypto4jan]

Why energycoin doesnt get the attention some of these shitcoins get is beyond me!

Seems like 100satoshi was so long ago!

You are right and why?
There are some disapointed investers I think.
Check link https://beta.bittrex.com/Market/Index?MarketName=BTC-ENRG&tab=metrics
Then you see this picture.

A few days ago the number of coins from that user was 5M and now 4.49M. The 5M was a sell order @ 44 Satoshi, why?
There is I guess now 20M ENRG @BITTREX waiting for an opportunity to sell (dump!).
I have only 1M @Bittrex to create volume between me and EnergyCoin Foundation on days with low volume.
If people had more fait I my future perspectives the coins were in their wallets and the rate was much higher!
When the rate goes up I follow but I go not buy the 20M @Bittrex with my own BTC even though I could afford me.
So keep waiting for opportunity to sell I get my stake each day, 3K or more!

[curT]

What do you think about the idea for ENRG to implement a distribution system based on MCL?

Each hour 5000 MCL will be sent out to wallets that have been online for the past hour.

Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour.

[crypto4jan]

What do you think about the idea for ENRG to implement a distribution system based on MCL?

Each hour 5000 MCL will be sent out to wallets that have been online for the past hour.

Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour.

This is a nice idea but how to finance?
I can contribute some of the ECF budget but maybe we can change the wallet software?
The stake you can earn is only posible when the wallet is online and is based on the total stake for all the coins.
example 10% per year = 0.001 % per hour = 100000 ENRG stake/hour
Online 25M then reward is 0.004 % stake eg 400 ENRG if you have 100000 EnergyCoin online.
I like the idea and if it is posible to code I say yes we switch to that new protocol.

[curT]

I don't know  whether it is technically possible,
maybe something like this?

Algorithm: the most energysaving
Money Supply now: 110 000 000
Max money Supply: unlimited
Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour. (if 10 wallets are online, every wallet will receive 100 ENRG)
ENRG supply year: 1000*24*365=8 760 000

[crypto4jan]

I don't know  whether it is technically possible,
maybe something like this?

Algorithm: the most energysaving
Money Supply now: 110 000 000
Max money Supply: unlimited
Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour. (if 10 wallets are online, every wallet will receive 100 ENRG)
ENRG supply year: 1000*24*365=8 760 000

I discuss this with EnergyCR and see what is posible.
I know there was also a reward voor VPNCoin if you were online but we need software for monitoring.
But how to get coins for payment?
It is not good if we introduce unlimeted inflation so it has to be payed from the current stake I say.

[curT]

It is not good if we introduce unlimeted inflation so it has to be payed from the current stake I say.

I don't know if (or how much) inflation is "good" or "bad"

EnergyCoin Specifications

Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

^^
This is also "unlimited inflation"?

The idea behind this distribution is to involve more people in Energycoin.
The more people involved, more likely to succeed your project.

[crypto4jan]

It is not good if we introduce unlimeted inflation so it has to be payed from the current stake I say.

I don't know if (or how much) inflation is "good" or "bad"

EnergyCoin Specifications

Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

^^
This is also "unlimited inflation"?

The idea behind this distribution is to involve more people in Energycoin.
The more people involved, more likely to succeed your project.

That is true and I support where I can.
But the coins for reward has to come from somewhere.
There is a reward program for the PI 10K ENRG if you prove you have a PI running.
But paying ENRG from my own funds to other people when they are online I have no intention.
I like the idea for rewarding time online and the posible funds are the stake for EnergyCoin if posible.
People with wallet online get extra stake and not online or funds on exchange get no stake.
If this is posible to code in wallet software I like it but I do'n like to pay for online time with my own ENRG.

[curT]

But paying ENRG from my own funds to other people when they are online I have no intention.

You don't have to pay with your funds.

Change this:

EnergyCoin Specifications

Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest 11 000 000 ENRG created here
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

to this:

I don't know  whether it is technically possible ,
maybe something like this?

Algorithm: the most energysaving
Money Supply now: 110 000 000
Max money Supply: unlimited
Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour. (if 10 wallets are online, every wallet will receive 100 ENRG)
ENRG supply year: 1000*24*365=8 760 000
 

[crypto4jan]

But paying ENRG from my own funds to other people when they are online I have no intention.

You don't have to pay with your funds.

Change this:

EnergyCoin Specifications

Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest 11 000 000 ENRG created here
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

to this:

I don't know  whether it is technically possible ,
maybe something like this?

Algorithm: the most energysaving
Money Supply now: 110 000 000
Max money Supply: unlimited
Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour. (if 10 wallets are online, every wallet will receive 100 ENRG)
ENRG supply year: 1000*24*365=8 760 000
 

Clear! I think it is also more fair. Reward is limited to 1000 ENRG regardless of how many coins you have.
If this is posible I vote for this.
It is good for the netork.

[ranlo]

But paying ENRG from my own funds to other people when they are online I have no intention.

You don't have to pay with your funds.

Change this:

EnergyCoin Specifications

Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest 11 000 000 ENRG created here
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

to this:

I don't know  whether it is technically possible ,
maybe something like this?

Algorithm: the most energysaving
Money Supply now: 110 000 000
Max money Supply: unlimited
Each hour 1000 ENRG  will be sent out to wallets that have been online for the past hour. (if 10 wallets are online, every wallet will receive 100 ENRG)
ENRG supply year: 1000*24*365=8 760 000
 

Clear! I think it is also more fair. Reward is limited to 1000 ENRG regardless of how many coins you have.
If this is posible I vote for this.
It is good for the netork.

I don't like this idea... it basically means there's no reason to hold coins anymore. Just open empty wallets on each device you have and you get the maximum number of coins allowed. Since it isn't based on how many you hold, there's no reason not to continually dump them at that point.