[AC] AsiaCoin | Pure PoS | 100% Interest

[Maxikosw]

Ty for your great work team!!!


"Tonight we're flying and we're free,
We're free before the thunderstorm,
On towards the wilderness,
Our quest carries on,
Far beyond the sundown,
Far beyond the moonlight!!!"

https://www.youtube.com/watch?v=0jgrCKhxE1s

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[micryon]

But it's still interesting to me, where does that ~19 GH/s come from? I mean, someone or some pool with that amount of hashpower should clearly know that they're not getting reward for their hashrate. I think it could be a pool whose settings gone totally wrong. getdifficulty output:

Code:

{
"proof-of-work" : 274.46071294,
"proof-of-stake" : 0.00367996,
"search-interval" : 1
}

To expand further on where these numbers come from..

So NetHashRate uses the GetDifficulty() and timestamps from blocks to calculate.. (thats why it may seem variable because timestamps differ.. so it'll bounce around 18-19..

GetDifficulty() itself basically returns the *last* block that was proof of work.  And thus it's always stable.  

The code is just a while loop that keeps searching the prevblock index until it finds a block that was done via PoW:

Code:

const CBlockIndex* GetLastBlockIndex(const CBlockIndex* pindex, bool fProofOfStake)
{
    while (pindex && pindex->pprev && (pindex->IsProofOfStake() != fProofOfStake))
        pindex = pindex->pprev;
    return pindex;
}

double GetDifficulty(const CBlockIndex* blockindex)
{
    // Floating point number that is a multiple of the minimum difficulty,
    // minimum difficulty = 1.0.
    if (blockindex == NULL)
    {
        if (pindexBest == NULL)
            return 1.0;
        else
            blockindex = GetLastBlockIndex(pindexBest, false);
    }

And.. I guess that must have been the last block at 20160... yep, last PoW block difficulty was indeed locked at : 274.46071294.

Code:

getblockhash 20160
0000000000bd301676a0e57aeb7c63165f875dd015ed2e44262a41ce3feca390

getblock 0000000000bd301676a0e57aeb7c63165f875dd015ed2e44262a41ce3feca390
{
"hash" : "0000000000bd301676a0e57aeb7c63165f875dd015ed2e44262a41ce3feca390",
"confirmations" : 12230,
"size" : 5540,
"height" : 20160,
"version" : 4,
"merkleroot" : "47105789d11856e5f2cea3356a3d3e4f57e3387fc3e0f0f5be80e44ef57f232c",
"mint" : 5000.03700000,
"time" : 1398926850,
"nonce" : 4172128409,
"bits" : "1c00eec7",
"difficulty" : 274.46071294,
"previousblockhash" : "0000000000b94ea70342a8219e89b8bcf6c6f402e90bf493996942b64e8bfb5e",
"nextblockhash" : "99dbd72ce0b370df3b6dad5d61be279ce874aa5cbfc3accbcb69ab1bedee89e7",
"flags" : "proof-of-work",
"proofhash" : "0000000000bd301676a0e57aeb7c63165f875dd015ed2e44262a41ce3feca390",
"entropybit" : 0,
"modifier" : "5b13c49e3d59da47",
"modifierchecksum" : "76639dba",
"tx" : [
"640666e861238d5212b78219a68b329f4de1642cfc92d92e683f445a78f07ff6",
"397b22d78097de1619a70dd7891218c4f014e2ac36954c27a788c38740c6d151",
"d510fcf164267a0bf44bf9bc7d39cd9d4f851bad5d65fd9cfb61e1fbc8114e48",
"f724ce029cad2a88281d81bb0e5081c9d573a65eb756b096f3e59fc5c767ecaf",
"838ea24c4d87c97344c5334cda4870d8dfcfc530abb5507244b1c0c45c8e1b49"
],
"signature" : "3044022076f574731c818943b983d8460fe99ca02f27f4f494cf421bfdd83aec9820dc2002202e7c2da59be560228af0e3614d2dc1adf9d40db5218c6c48257c3ed6cd4085bd"
}

So in a very simple sense: the RPC calls for getmininginfo and getdifficulty are showing the frozen state of the last PoW block difficulty and nethash rates.

I think when everyone cloned their coins from ppcoin, which was supposed to be a PoW/PoS coin.. moving to 100% PoS, a lot of the RPC calls were never modified to take this into account to return the proper information.. PPcoin wasn't designed to be a 100% PoS coin to begin with...

I bet rat4 and others may be updating the code under blackcoin to clean up some of this stuff.... or i can just update it.. but this stuff is just informational data through the RPC calls, it doesn't factor into actual operations..

[micryon]

Oh and in case anyone is interested, I posted a winmerge report of main.cpp (one of the key files), line by line diffs between Asiacoinfix and Cinni

http://www.realstackcoin.org/asiacoinfix_cinni.htm

Just search for the yellow sections to see the diffs.

So just to prove that we're no worse than the other coins in other areas (aside from the security patch).

[mackj]

The new AC out yet

[Maestro1]

The new AC out yet

Yes it is. Read the OP.

[Maestro1]

Thanks micryon, I'm learning new stuff from you everyday

[Collegestudent]

This is excellent guys i was sleeping and doing other work, and Mircyon since you're feeling bored i wanna assign you some new features to work on that no other coin may have:

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.

2. Be able to borrow Asiacoins from the blockchain (other inactive wallets) at a fixed interest that are payable within a fixed time. The other Asiacoin holder that is requested to be the lender can either accept or decline and contact through Asiacoin messaging.

3. Automatically send Asiacoins to another address of your choice at fixed intervals, for example like banks make automated payments each month to your bills if you ask them to.

This ideas i have listed arent done by any other coin and they may even take days/weeks along with other coders. However these codes make it very suitable as a currency as its very similar to a bank but much faster.

Btw Maestro, you're already on the right track on marketing so no need to tell you anything

[johntseng]

This is excellent guys i was sleeping and doing other work, and Mircyon since you're feeling bored i wanna assign you some new features to work on that no other coin may have:

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.

This sounds great.

2. Be able to borrow Asiacoins from the blockchain (other inactive wallets) at a fixed interest that are payable within a fixed time. The other Asiacoin holder that is requested to be the lender can either accept or decline and contact through Asiacoin messaging.

What if the borrower disappears and so not pay the AC?

3. Automatically send Asiacoins to another address of your choice at fixed intervals, for example like banks make automated payments each month to your bills if you ask them to.

This ideas i have listed arent done by any other coin and they may even take days/weeks along with other coders. However these codes make it very suitable as a currency as its very similar to a bank but much faster.

Btw Maestro, you're already on the right track on marketing so no need to tell you anything

This is good, it can also derive another method that send the stakes to pre-set address automatically.

[Collegestudent]

This is excellent guys i was sleeping and doing other work, and Mircyon since you're feeling bored i wanna assign you some new features to work on that no other coin may have:

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.

This sounds great.

2. Be able to borrow Asiacoins from the blockchain (other inactive wallets) at a fixed interest that are payable within a fixed time. The other Asiacoin holder that is requested to be the lender can either accept or decline and contact through Asiacoin messaging.

What if the borrower disappears and so not pay the AC?

3. Automatically send Asiacoins to another address of your choice at fixed intervals, for example like banks make automated payments each month to your bills if you ask them to.

This ideas i have listed arent done by any other coin and they may even take days/weeks along with other coders. However these codes make it very suitable as a currency as its very similar to a bank but much faster.

Btw Maestro, you're already on the right track on marketing so no need to tell you anything

This is good, it can also derive another method that send the stakes to pre-set address automatically.

This is exactly why Asiacoin Lending can be set up or something like that that fixes the contract between 2 known entities by the 3rd party "Asiacoin lending". However the wallet can be used to start the loan request

[copychicken]

https://c-cex.com/?rf=8C70008E385D8103

https://c-cex.com/?rf=8C70008E385D8103


Great News from C-cex -- First Exchange ever giving POS stakes rewards..

What this means:

POS are generated stakes when you have your coins in your wallet for a certain period of time...
If you have them in an exchange ... you simply dont get stakes.....

Whats different on C-cex

Coins deposited and placed on sell orders...if they reach their Stake-Age-Mature time...
They generate other coins...
These coins are credited on the user's account.. without having to do anything,from the user side..
SO SIMPLE!!!

VISIT c-cex and try it for yourself.... Dont loose stakes anymore...!!!


ASIAcoin back on trading!!!

[Collegestudent]

Sounds good, and btw Cryptsy is the first to offer stake

[Collegestudent]

Maestro, hows ur work going so far? Atm i just contacted someone who i think can help with Mac wallet

[18602981897]

Sounds good, and btw Cryptsy is the first to offer stake

When will Cryptsy start to trade AC?

[Maestro1]

I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point ), but there must be a precise way to control/manage this. I don't think the challenge is the implementation of it into code, it's figuring a viable model out.

[Zaxxon]

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.

I really like this idea in particular. The transaction tab is the same in every wallet I've seen.

Speaking of the transaction tab, can anyone explain why the Type column filter has "Mined" in it twice? One filters and shows your mined transactions and the other shows nothing (in my wallet anyway). It's the same in other wallets too (but not all); not just this one. Should it perhaps read "Minted"?

If it is supposed to be "Minted", then should the minted (staked) coins coming in be labeled as minted instead of mined? It's a minor thing in any event.

[Collegestudent]

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.

I really like this idea in particular. The transaction tab is the same in every wallet I've seen.

Speaking of the transaction tab, can anyone explain why the Type column filter has "Mined" in it twice? One filters and shows your mined transactions and the other shows nothing (in my wallet anyway). It's the same in other wallets too (but not all); not just this one. Should it perhaps read "Minted"?

If it is supposed to be "Minted", then should the minted (staked) coins coming in be labeled as minted instead of mined? It's a minor thing in any event.

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQBFnTwmTTtC6N1LF395zoNi_VDS6oKgho-hwhR1qlWLFJB5lNgtQ

Yup it would look extremely neat and almost like a real banking and payment processor tool. Coding BTC itself was almost impossible and these 3 things i mentioned are like the icing on the cake. I cant code myself for shit, but ive got the ideas

[Collegestudent]

The guy i contact for a Mac wallet told me to expect it within 8 hrs!! Be sure to donate to bounty guys! We doing serious actual work for the long term.

[johntseng]

I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point ), but there must be a precise way to control/manage this. I don't think the challenge is the implementation of it into code, it's figuring a viable model out.

It may led to short selling of the Coin, which may put the coin into higher risk.

[Collegestudent]

I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point ), but there must be a precise way to control/manage this. I don't think the challenge is the implementation of it into code, it's figuring a viable model out.

It may led to short selling of the Coin, which may put the coin into higher risk.

Well if there are many venders, then this will definately need to be implemented at some point. currently as u are stating it is very true because not too many venders at this point.

[Vann]

Great job on the relaunch. Glad to see it work out for the best. Is the minimum stake age still 2 weeks, with no maximum age? It's not noted in the OP.