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Author Topic: [AC] AsiaCoin | Pure PoS | 100% Interest  (Read 264516 times)
bittcoinn
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May 13, 2014, 09:40:28 PM
 #1881

I'll keep buying up all the cheap AC I can while I can...  I can't put all my lil eggs in one basket tho so I went in on some quite'r coins as well like OC and BDG (first x11 hybrid) lol and had to follow the fud and show some support to the shibes Smiley  but none of them can touch AC's % interest and great team work by the devs.

TEAM AC ALL THE WAY!!

tomorrow hopefully last day of dump. IMHO cannot break lower than 460. now we see some whales easily defend 500
fonzerrellie
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May 13, 2014, 09:48:50 PM
 #1882

me buying up cheap AC  Wink

https://www.youtube.com/watch?v=DKNPjXkR1zE

#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH 
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X-Laboratories
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May 13, 2014, 10:24:33 PM
 #1883

My AC stakes just fine. The coin age did not reset when I updated the wallet, which is as expected.

Each coin has its own age. and the clock starts as long as it gets in your wallet. when that happens, that particular coin will need to sit in your wallet 2 weeks to stake. If it gets moved to another address, you lose the age on that coin.

The 100% stake rate means if you keep 100 AC in your wallet for an entire year, you will get 200AC on the 365th day.
It certainly does not mean you have to wait a year before you see any interests and losses it all if you move the coin before that.

I think the staking actually works in a compounded way and interest paid every 2 weeks.
For example (I am not sure it is 100% correct, but similar):
Day 1, you put 100AC in your wallet.
Day 14, this 100AC will stake at XX% and get Y AC as interest. This Y interest will have again start generating interest after 14 days.
(But I am not very sure what happens to the original 100AC, when will it be the next time it stakes again? I suppose another 14 days)

If no coins gets moved, including the original 100AC and all the subsequent interests generated, you will get 200 AC at the end of the year.
Here is the catch, at this point, I think there is no way to control which coin to send when you need to send some. Oldest or newest?
It would be great if there is such feature so we can selectively moving coins to eliminate unnecessary coin age destroyed.



+1 I got my first staked coins... AC is now one badass coin Wink

you can bet on it Smiley
please support us at https://www.thunderclap.it/projects/11729-asiacoin-asia-s-own-bitcoin
We need 80 more people to make it BOOM.

"sine secretum non libertas"
BTC 1ABmTBQ3BAJ8tY6EpPM9a6ZoaWsaJipdGV
LTC LS5ejuvBJFAEZEDhYf3KAN8nGjjayTYxez
CapSER2.0
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May 13, 2014, 10:36:53 PM
 #1884

At this point the multipool strategy is:

1) Leverage 3rd party:
  - hashco.ws to add AC
  - ac.pool.mn guys

In truth it's been hard to get a hold of these guys, but Maestro is working on it though.  And hey if anyone else here wants to setup a multipool for this purpose... go for it , there's hash power on the sidelines here.

2) Build our own:
  - In parallel I'm also working on deploying a pool using NOMP:

However that might make some time because it's a bit new to me (i'm a core c++ dev)...

So our best bet remains to be getting a 3rd party pool operator to support this..

Well done! As always yours is excellent, Champion! Smiley

ZEIT: MpKWWsnqqJ32jKchgfmwKBFkRzNCU8XjUu
micryon
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May 13, 2014, 10:54:26 PM
 #1885

please support us at https://www.thunderclap.it/projects/11729-asiacoin-asia-s-own-bitcoin
We need 80 more people to make it BOOM.

Seems like a cheap way to get some publicity.. just a few clicks guys.  It costs you nothing..


VTC: Vi5NxyF6FPCCEQDrsDcA34P8pXe1Yck21y
PDR: PP3EQsV3oX9bBkjpsnESguMHz3tfMqHXhy PlanetDollar
fonzerrellie
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May 13, 2014, 10:58:07 PM
 #1886

My AC stakes just fine. The coin age did not reset when I updated the wallet, which is as expected.

Each coin has its own age. and the clock starts as long as it gets in your wallet. when that happens, that particular coin will need to sit in your wallet 2 weeks to stake. If it gets moved to another address, you lose the age on that coin.

The 100% stake rate means if you keep 100 AC in your wallet for an entire year, you will get 200AC on the 365th day.
It certainly does not mean you have to wait a year before you see any interests and losses it all if you move the coin before that.

I think the staking actually works in a compounded way and interest paid every 2 weeks.
For example (I am not sure it is 100% correct, but similar):
Day 1, you put 100AC in your wallet.
Day 14, this 100AC will stake at XX% and get Y AC as interest. This Y interest will have again start generating interest after 14 days.
(But I am not very sure what happens to the original 100AC, when will it be the next time it stakes again? I suppose another 14 days)

If no coins gets moved, including the original 100AC and all the subsequent interests generated, you will get 200 AC at the end of the year.
Here is the catch, at this point, I think there is no way to control which coin to send when you need to send some. Oldest or newest?
It would be great if there is such feature so we can selectively moving coins to eliminate unnecessary coin age destroyed.



+1 I got my first staked coins... AC is now one badass coin Wink

you can bet on it Smiley
please support us at https://www.thunderclap.it/projects/11729-asiacoin-asia-s-own-bitcoin
We need 80 more people to make it BOOM.

+1 posted it on FB forum too Wink

#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH 
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CryptoSteam
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May 14, 2014, 01:13:31 AM
 #1887

Here are some updates from the AsiaCoin Development Team:

1) A block explorer is being worked on and is coming very soon.

2) We have a future roadmap being shared by the team to further develop AsiaCoin.

3) Multipools are still being worked on. Please be patient.

4) We are testing the linux wallet and if all goes well, it will be released.

In the meanwhile, here are some things you can do to show your support for AsiaCoin:

1) Support our Thunderclap campaign @ https://www.thunderclap.it/projects/11729-asiacoin-asia-s-own-bitcoin

2) Follow and Retweet @AsiaCoin_ : https://twitter.com/AsiaCoin_ or tweet one of your own about AsiaCoin

3) Post, reply and upvote the official AsiaCoin reddit @ http://www.reddit.com/r/officialac/

If you have any ideas that can help further develop AsiaCoin, please let us know!
unick
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May 14, 2014, 01:52:54 AM
 #1888

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
X-Laboratories
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May 14, 2014, 01:57:03 AM
 #1889

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Awesome  Grin

"sine secretum non libertas"
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CryptoSteam
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May 14, 2014, 02:10:51 AM
 #1890

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!
unick
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May 14, 2014, 02:20:50 AM
 #1891

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
johntseng
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May 14, 2014, 02:21:45 AM
 #1892

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

Nanolite : KStrzPctAn8Qr1QppWDMwhqdG9rzmtQNWV
unick
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May 14, 2014, 02:22:46 AM
 #1893

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

yes I am using the latest version

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
Collegestudent
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May 14, 2014, 02:27:47 AM
 #1894

This is excellent, notice how rich are getting richer? More in cold. Btw Multipool is next, developments coming as promised.
micryon
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May 14, 2014, 02:58:39 AM
 #1895

Thanks unick, you are running an awesome service!

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johntseng
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May 14, 2014, 03:14:34 AM
Last edit: May 14, 2014, 03:29:07 AM by johntseng
 #1896

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

yes I am using the latest version

Richlist top 1 no working
"I'm sorry, this address has too many records to display."

Top 1 and 2 are related to the old dev premine?
can you & micryon explain it?
Third rich should be legit?

Nanolite : KStrzPctAn8Qr1QppWDMwhqdG9rzmtQNWV
menu74
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May 14, 2014, 03:42:33 AM
 #1897

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

yes I am using the latest version

Richlist top 1 no working
"I'm sorry, this address has too many records to display."

Top 1 and 2 are related to the old dev premine?
can you & micryon explain it?
Third rich should be legit?

The balance in my wallet is different from block explorer. Does anyone have the same problem? Got more than 250k AC in my wallet, but not shown on rich list between top 100 to 200.   
Maestro1 (OP)
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May 14, 2014, 03:45:17 AM
 #1898

The balance in my wallet is different from block explorer. Does anyone have the same problem? Got more than 250k AC in my wallet, but not shown on rich list between top 100 to 200.  

How many addresses do you have? Generally you may have multiple addresses with funds that you received with each of them, the block explorer will treat them as separate as there's no way to know they belong to you but your wallet can access all of them. This is usually the reason.

If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.
BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
johntseng
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May 14, 2014, 03:51:57 AM
 #1899

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

yes I am using the latest version

Richlist top 1 no working
"I'm sorry, this address has too many records to display."

Top 1 and 2 are related to the old dev premine?
can you & micryon explain it?
Third rich should be legit?

The balance in my wallet is different from block explorer. Does anyone have the same problem? Got more than 250k AC in my wallet, but not shown on rich list between top 100 to 200.  

I have a question.
Let say I have 100k AC in Address A,
if I send 10k to Address B,
the rest 90k stay at Address A
OR
the transaction product Address C
while Address C holds 90k? (This seems much similar to my case.)
As a result, the richlist show the Address C instead of Address A?

Nanolite : KStrzPctAn8Qr1QppWDMwhqdG9rzmtQNWV
menu74
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May 14, 2014, 04:22:48 AM
 #1900

Hey guys,

The block explorer is now live with rich list updated.

You can find both at this address

http://ac.blockx.info/

Market price will be added as soon as AC trading is reenabled with an exchange supporting API requests

enjoy Tongue

Great job unick. You did very well!

Thanks, I didn't notice the trading was reenabled... Just added the market price to the explorer.

are you using wallet 2.0?

yes I am using the latest version

Richlist top 1 no working
"I'm sorry, this address has too many records to display."

Top 1 and 2 are related to the old dev premine?
can you & micryon explain it?
Third rich should be legit?

The balance in my wallet is different from block explorer. Does anyone have the same problem? Got more than 250k AC in my wallet, but not shown on rich list between top 100 to 200.  

I have a question.
Let say I have 100k AC in Address A,
if I send 10k to Address B,
the rest 90k stay at Address A
OR
the transaction product Address C
while Address C holds 90k? (This seems much similar to my case.)
As a result, the richlist show the Address C instead of Address A?

Just donated 10K AC to address AXuMxpakwcxcnPtzkL6GNmp54PRc7Zxb2g from AMSaE9CmiW5A2WUfTsHrkqT5GmvYEh1ra3 (Mintpal account). Can't find out this transaction in both address by searching block explorer. The withdrawn status from Mintpal exchange is successful.
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