[ANN][UVC] UniversityCoin | UniversityCoin.Org - Pure PoS | 9M coins mined

[UniversityCoin]

Are there some hidden blocks  

Sadly, nope

https://bitcointalk.org/index.php?topic=590681.msg6546825#msg6546825

are there 10m or 20m mined so far?

10M, becuase we started PoW and PoS at the same time, therefore the total blocks for PoW(which was 20160 blocks) included PoS blocks, which means the actual PoW blocks are around 10K blocks.

We are truly sorry for the confusion we made

Have PoW blocks have ended now?

Yes, welcome to the pure PoS stage

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[ipominer]

I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.6M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The dev's "confusion" cost us 5+ BTC because we had to buy UVC to cover overpayments of POS blocks to miners during the POW period... thanks UniversityCoin devs!

[NurseWho]

I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.5M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

Is that good or bad?

newbie here

edit: I just saw what you've just added, got my answer

[Vann]

I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.5M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The PoW blocks have a much higher reward so the PoS blocks are going to take a LONG time to reach the initial 20M coins at 5% stake.  

[lvyuan95]

I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.6M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The dev's "confusion" cost us 5+ BTC because we had to buy UVC to cover overpayments of POS blocks to miners during the POW period... thanks UniversityCoin devs!

Why can't people read...

https://bitcointalk.org/index.php?topic=590681.msg6502710#msg6502710
https://bitcointalk.org/index.php?topic=590681.msg6531709#msg6531709

btw your email to miners said 'We were mistakenly crediting POS blocks as mined blocks for UVC because it launched as POW+POS, which resulted in overpayments to miners.'

and now look at what you said

It's not cool man  

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk 

[ipominer]

Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

The first post you linked to is on the 24th page of this thread, and the second is linked even later. Do you really expect everyone to read every page of a thread? Let's be realistic.

POW and POS blocks appear the same in the wallet for anyone mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

[lvyuan95]

Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcows and wafflepool, maybe more) did not occur the same problem you had...

[rudius]

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk 

   he said he had to buy UVC to fill the void. He doesn t have a multipool.

[lvyuan95]

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk 

   he said he had to buy UVC to fill the void. He doesn t have a multipool.

Google ipominer

[xingqiaoyin]

Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcos and wafflepool, maybe more) did not occur the same problem you had...

I know for sure coinshift didn't mine this coin.
Not sure about clever hashcows and the rest ?

[rudius]

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk 

   he said he had to buy UVC to fill the void. He doesn t have a multipool.

Google ipominer

from ipominer web page :

UniversityCoin (UVC)    stratum+tcp://pool.ipominer.com:3441

and this :

May 06 6:00 AM UVC mining has ended at block 20160 - the direct port has been rerouted internally to the multiport.

[rudius]

Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcows and wafflepool, maybe more) did not occur the same problem you had...

He didn t pay attention. That was his problem. He assumed it was the same as other POW+POS coins.

[ipominer]

ipoMiner pays out the mined coins directly to miners, not BTC. Multipools that pay out in BTC may or may not have had the same issue in terms of calculation, but its irrelevant to them because they are exchanging the coins they actually hold for BTC.

It isn't a matter of not paying attention, rudius -- the ANN post was incorrect, and the way that POS blocks occur in the wallet makes them indistinguishable from POW blocks. It wasn't an assumption at all, it was what the ANN post listed when the coin was launched.

[rudius]

ipoMiner pays out the mined coins directly to miners, not BTC. Multipools that pay out in BTC may or may not have had the same issue in terms of calculation, but its irrelevant to them because they are exchanging the coins they actually hold for BTC.

It isn't a matter of not paying attention, rudius -- the ANN post was incorrect, and the way that POS blocks occur in the wallet makes them indistinguishable from POW blocks. It wasn't an assumption at all, it was what the ANN post listed when the coin was launched.

The fact that POS was working since the beginning has been well knowed since a long time. I understand it was confusing if you read only the OP post and i understand that you are pissed to loose 5 BTC. But from what i understand so far, it s your fault not the dev fault.
You just had to check the generate coin reward to avoid this mistake.

[lvyuan95]

ipoMiner pays out the mined coins directly to miners, not BTC. Multipools that pay out in BTC may or may not have had the same issue in terms of calculation, but its irrelevant to them because they are exchanging the coins they actually hold for BTC.

It isn't a matter of not paying attention, rudius -- the ANN post was incorrect, and the way that POS blocks occur in the wallet makes them indistinguishable from POW blocks. It wasn't an assumption at all, it was what the ANN post listed when the coin was launched.

The fact that POS was working since the beginning has been well knowed since a long time. I understand it was confusing if you read only the OP post and i understand that you are pissed to loose 5 BTC. But from what i understand so far, it s your fault not the dev fault.
You just had to check the generate coin reward to avoid this mistake.

Alright, let it go. I am sorry for your loss ipominer, your pool was great, i mined there before. Sad things happen, let's just move on and try not let it happen again

[rudius]

ipoMiner pays out the mined coins directly to miners, not BTC. Multipools that pay out in BTC may or may not have had the same issue in terms of calculation, but its irrelevant to them because they are exchanging the coins they actually hold for BTC.

It isn't a matter of not paying attention, rudius -- the ANN post was incorrect, and the way that POS blocks occur in the wallet makes them indistinguishable from POW blocks. It wasn't an assumption at all, it was what the ANN post listed when the coin was launched.

The fact that POS was working since the beginning has been well knowed since a long time. I understand it was confusing if you read only the OP post and i understand that you are pissed to loose 5 BTC. But from what i understand so far, it s your fault not the dev fault.
You just had to check the generate coin reward to avoid this mistake.

Alright, let it go. I am sorry for your loss ipominer, your pool was great, i mined there before. Sad things happen, let's just move on and try not let it happen again

Of course, just wanting to clarify thing.

And let s put in the OP that ipominer is a multipool with UVC payout. It will help getting some BTC backs.

[macorcina]

Pools  pay POS blocks to miner, that blocks generete form miner also, that meen all this coins belong to miners, and pool take 1 to 3 %..
What is problem ?

[vsniko]

What is wrong with dedicated pool? Why I can`t connect to?

[greatway]

It seems like it is down.

[vsniko]

POW stage is already over?