[AC] AsiaCoin | Pure PoS | 100% Interest

[GIBZORS]

Asia-QT was open the whole month maybe restarted it 3 times , and it only minted once, not @ 100% it was more like 2%,
and atm it still dosent sync.

on my wallet i have got exactly 3.7% for two weeks . did not calculate how this compounds in one year quite possibly it compounds to 100 % per year

That is even a lot more than 100% per year (is around 150% - just calculate 1.037 ^26)

14/365 x 100% = 3.83561%

There is definitely compounding effect but staked coins need to mature for 2 weeks before being able to stake. Your calculation is based on 100% per year. However, the revised POS schedule will reduce the stake interest to 80% at block 72,000. It is part of the reason for the sync issue we are currently facing.

There is also an element of luck as stake interest only even out in long run. AsiaCoin stakers who get a higher % are the lucky ones since the stake rewards are going down over time.

The calculation right there takes into account the two weeks As you indicate there is however some luck involved. It just proves you are in the ballpark.

[ORiN]

Asia-QT was open the whole month maybe restarted it 3 times , and it only minted once, not @ 100% it was more like 2%,
and atm it still dosent sync.

on my wallet i have got exactly 3.7% for two weeks . did not calculate how this compounds in one year quite possibly it compounds to 100 % per year

That is even a lot more than 100% per year (is around 150% - just calculate 1.037 ^26)

14/365 x 100% = 3.83561%

There is definitely compounding effect but staked coins need to mature for 2 weeks before being able to stake. Your calculation is based on 100% per year. However, the revised POS schedule will reduce the stake interest to 80% at block 72,000. It is part of the reason for the sync issue we are currently facing.

There is also an element of luck as stake interest only even out in long run. AsiaCoin stakers who get a higher % are the lucky ones since the stake rewards are going down over time.

The calculation right there takes into account the two weeks As you indicate there is however some luck involved. It just proves you are in the ballpark.

That's right. That is the ball park. Compounding is bound to happen but at the rate we are progressing, we are moving up the blocks at twice the rate we expected. I expect that we will be down to 20% in 6-7 months instead of the initial 11-12 months.

[RJF]

Not good news:


Below you will find markets that we're removing on Friday, June 6th.  If you'd like to see them stick around, the best thing to do is spread the word and get the market active again.  We generated this list based on average volume in the last week and length of time on Bittrex, or whether the wallet and network has been having trouble.  In rare cases, we'll open LTC markets for coins or give the community more time to build volume.  If you are a developer of a coin on this list and would like to keep your market on Bittrex, please contact us at support@bittrex.com

AsiaCoin: https://bittrex.com/Market/Index?MarketName=BTC-AC


Its gone...

[Enthef420]

Uh oh,, 

Anyone still working on the issue with the wallet? I haven't seen an update today and a little nervous now since we are getting dropped from major exchanges.

Not good news:


Below you will find markets that we're removing on Friday, June 6th.  If you'd like to see them stick around, the best thing to do is spread the word and get the market active again.  We generated this list based on average volume in the last week and length of time on Bittrex, or whether the wallet and network has been having trouble.  In rare cases, we'll open LTC markets for coins or give the community more time to build volume.  If you are a developer of a coin on this list and would like to keep your market on Bittrex, please contact us at support@bittrex.com

AsiaCoin: https://bittrex.com/Market/Index?MarketName=BTC-AC


Its gone...

[Maestro1]

Uh oh,, 

Anyone still working on the issue with the wallet? I haven't seen an update today and a little nervous now since we are getting dropped from major exchanges.

Yes we are working on the issue. Fixing it is proving to be a little more tricky than we've initially thought (the original developer's code is a mess, and buggy), we've been having to do more fixes than we thought, and it all happened on a weekend where most of our team were away, so that adds to the workload on the remaining of us and it's taking a bit longer.

[Mirmeko]

Uh oh,, 

Anyone still working on the issue with the wallet? I haven't seen an update today and a little nervous now since we are getting dropped from major exchanges.

Yes we are working on the issue. Fixing it is proving to be a little more tricky than we've initially thought (the original developer's code is a mess, and buggy), we've been having to do more fixes than we thought, and it all happened on a weekend where most of our team were away, so that adds to the workload on the remaining of us and it's taking a bit longer.

Ok dont worry team, you are doing it well. I understand old Dev dont care about anything of these stuff is pretty normal to have issues. The price is stable after three days so seem the community are not afraid, not dumping, not shelling, thats real support, we believe in you.

[Scrappy Do]

EMC2 is well worth some consideration and assistance if only pointing them in the right direction. Also, I see the coin has been added to FaceBook's "Tipping" app, one of only about 12 that are available to use to tip other FaceBook members...

RJF

If we are advertising coins we think are going to do well. Here are my picks. AC,VRC,MAST,XHC,XLB, and LOL!

Oh and don't forget the road of bitcoin is paved in silk

 Thats why DRK is such a huge success... Silk.

[ORiN]

Not good news:


Below you will find markets that we're removing on Friday, June 6th.  If you'd like to see them stick around, the best thing to do is spread the word and get the market active again.  We generated this list based on average volume in the last week and length of time on Bittrex, or whether the wallet and network has been having trouble.  In rare cases, we'll open LTC markets for coins or give the community more time to build volume.  If you are a developer of a coin on this list and would like to keep your market on Bittrex, please contact us at support@bittrex.com

AsiaCoin: https://bittrex.com/Market/Index?MarketName=BTC-AC


Its gone...

Given that Bittrex has never been a main trading platform for AsiaCoin users, it is actually nothing major. We will touch points with Bittrex and let them know our plans. However, trading volume is not something we can control.

[Scrappy Do]

Not good news:


Below you will find markets that we're removing on Friday, June 6th.  If you'd like to see them stick around, the best thing to do is spread the word and get the market active again.  We generated this list based on average volume in the last week and length of time on Bittrex, or whether the wallet and network has been having trouble.  In rare cases, we'll open LTC markets for coins or give the community more time to build volume.  If you are a developer of a coin on this list and would like to keep your market on Bittrex, please contact us at support@bittrex.com

AsiaCoin: https://bittrex.com/Market/Index?MarketName=BTC-AC


Its gone...

Given that Bittrex has never been a main trading platform for AsiaCoin users, it is actually nothing major. We will touch points with Bittrex and let them know our plans. However, trading volume is not something we can control.

 As long as still listed on Shitzy.. err Cryptsy.. all is well.

[phoneled]

any update?

[bittcoinn]

Currently deposits and withdrawals are offline for AC due to blockchain problems. Will be re-enabled once the issue has been resolved.

[ORiN]

Currently deposits and withdrawals are offline for AC due to blockchain problems. Will be re-enabled once the issue has been resolved.

That's right. With the blockchain issue, it is best to suspend deposits/withdrawals. We are near to a fix. Our developers want to make sure that the fix is tested before we release it.

[Maestro1]

Everyone, please upgrade to the latest wallet:

http://www.mediafire.com/download/ofdetdo9ad0xgan/asiacoin-qt_hotfix_win32.zip

This solves the synchronization issues, and the staking rate will remain at 100% for a few more weeks, until we release a new wallet. Our block explorers are not yet updated to this new wallet, but I have contacted them to upgrade their wallets. I have contacted exchanges to upgrade their wallets as well.

I will update OP ASAP too (edit: done now).

We are pure PoS, so people need to upgrade ASAP and start staking for the blockchain to move ahead faster.

[syrota]

Excellent! Works.
Thanks 

[ORiN]

The Mac and Linux versions will be coming soon.

[ORiN]

any update?

The wallet hotfix can now be downloaded.

[min]

Everyone, please upgrade to the latest wallet:

http://www.mediafire.com/download/ofdetdo9ad0xgan/asiacoin-qt_hotfix_win32.zip

This solves the synchronization issues, and the staking rate will remain at 100% for a few more weeks, until we release a new wallet. Our block explorers are not yet updated to this new wallet, but I have contacted them to upgrade their wallets. I have contacted exchanges to upgrade their wallets as well.

I will update OP ASAP too (edit: done now).

We are pure PoS, so people need to upgrade ASAP and start staking for the blockchain to move ahead faster.

Thank you so much !!!!

[dollux]

Yep, hotfix doesn't seem so hot, sync has stopped at 20160 blocks for 15 mins now and doesn't look like it wants to move on.

[Gusaru]

Everyone, please upgrade to the latest wallet:

http://www.mediafire.com/download/ofdetdo9ad0xgan/asiacoin-qt_hotfix_win32.zip

This solves the synchronization issues, and the staking rate will remain at 100% for a few more weeks, until we release a new wallet. Our block explorers are not yet updated to this new wallet, but I have contacted them to upgrade their wallets. I have contacted exchanges to upgrade their wallets as well.

I will update OP ASAP too (edit: done now).

We are pure PoS, so people need to upgrade ASAP and start staking for the blockchain to move ahead faster.

updated up block 73852

[BCMann]

thanks... staking works again