[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet

[chesthing]

Without the anon wallet this coin is just another x11 shitcoin and will plummet well below 5k. We don't need more of the same coins that clutter up the exchanges, the only difference being the name and number of coins.
I'm not tying to fud it up, but personally I'm not holding any of these coins until the developer comes out with a working wallet.

[Ezravdb]

That "Sr. Member" thing underneath his name is saving the dev's ass right now lol

[jasemoney]

So it's been a few hours, the price is semi stable where it was before the hype.  If you take a breath from coding for air and read this maybe you could give us an update as to the following;
Is the anon feature which is not currently working as expected seeming to be an easy fix like: whoa i mistyped something, or going to take a few hours like: well if i try it another way it'll be fine, or 24 hours to a week like: my goodness what was i thinking these things dont work this way...

I'd just rather move away and come back if its going to be a while.  I've been holding my breath on XBC wallet wait for weeks.  Juts let us know where your at, if anyone can help, and when we should expect to hear more...

[brammien]

Can someone explain to me how many coins there is supposed to be, i'm seeing this on OP: 4Million XC mined by miners - out of 17M~33.3Million - Estimated

Yet on webpage it says this: 100,000 POW Blocks @ 333 Coins per block (so is that 100k times 333? )

I realize there is POS, but these two stats are very far off? Am i investing and mining a coin with millions, or thousands, makes a huge difference to me in value.

[brammien]

Just seems like it's taking forever to mine any of this coin, if people didn't dump I'd expect a very fair distribution on miners part. To get a few 1000 of this could take many days.

[jasemoney]

Can someone explain to me how many coins there is supposed to be, i'm seeing this on OP: 4Million XC mined by miners - out of 17M~33.3Million - Estimated

Yet on webpage it says this: 100,000 POW Blocks @ 333 Coins per block (so is that 100k times 333? )

I realize there is POS, but these two stats are very far off? Am i investing and mining a coin with millions, or thousands, makes a huge difference to me in value.

main.h;
<line30>  #define POW_CUTOFF_HEIGHT 100000  
<line39>  static const int64 MAX_MONEY = 60000000 * COIN    
main.cpp;
<line944>  int64 nSubsidy = 333 * COIN;
<line946>  if(nHeight == 1)
<line947>  {
<line948>  nSubsidy = 99000 * COIN

http://cryptexplorer.com/chain/X11Coin  current block height 14933

This means...    Premine nheight=1 + (blockheight*reward) of 99000 coins + (14933*333) = coins right now 4.9 million "mined by miners"
                     POW cutoff 100,000 * coins + premine = 33,399,000 total coins through POW
                      MAX money is 60 million coins to be created ever leaving about 26.6 million to be created by staking    

[battbot]

Can someone explain to me how many coins there is supposed to be, i'm seeing this on OP: 4Million XC mined by miners - out of 17M~33.3Million - Estimated

Yet on webpage it says this: 100,000 POW Blocks @ 333 Coins per block (so is that 100k times 333? )

I realize there is POS, but these two stats are very far off? Am i investing and mining a coin with millions, or thousands, makes a huge difference to me in value.

main.h;
<line30>  #define POW_CUTOFF_HEIGHT 100000  
<line39>  static const int64 MAX_MONEY = 60000000 * COIN    
main.cpp;
<line944>  int64 nSubsidy = 333 * COIN;
<line946>  if(nHeight == 1)
<line947>  {
<line948>  nSubsidy = 99000 * COIN

http://cryptexplorer.com/chain/X11Coin  current block height 14933

This means...    Premine nheight=1 + (blockheight*reward) of 99000 coins + (14933*333) = coins right now 4.9 million "mined by miners"
                     POW cutoff 100,000 * coins + premine = 33,399,000 total coins through POW
                      MAX money is 60 million coins to be created ever leaving about 26.6 million to be created by staking    

I dont think that is correct.  Dev explained himself earlier: Max supply is 33.5 M coins, there are 100,000 Blocks, some of which are PoW, some are PoS.  He estimates ~17m coins will be minted through PoW, and the rest through PoS.  I didn't quite understand it, but dev explained that the max supply PoW+PoS will be 33.5M.  He said something like this in an earlier post if you go digging.

[mojun7982]

we are still waiting for

[Thrash]

Can someone explain to me how many coins there is supposed to be, i'm seeing this on OP: 4Million XC mined by miners - out of 17M~33.3Million - Estimated

Yet on webpage it says this: 100,000 POW Blocks @ 333 Coins per block (so is that 100k times 333? )

I realize there is POS, but these two stats are very far off? Am i investing and mining a coin with millions, or thousands, makes a huge difference to me in value.

main.h;
<line30>  #define POW_CUTOFF_HEIGHT 100000  
<line39>  static const int64 MAX_MONEY = 60000000 * COIN    
main.cpp;
<line944>  int64 nSubsidy = 333 * COIN;
<line946>  if(nHeight == 1)
<line947>  {
<line948>  nSubsidy = 99000 * COIN

http://cryptexplorer.com/chain/X11Coin  current block height 14933

This means...    Premine nheight=1 + (blockheight*reward) of 99000 coins + (14933*333) = coins right now 4.9 million "mined by miners"
                     POW cutoff 100,000 * coins + premine = 33,399,000 total coins through POW
                      MAX money is 60 million coins to be created ever leaving about 26.6 million to be created by staking    

Yes, but...

I just checked and out of the last 100 blocks 19 were POS blocks, or 19%. We were at block number 14,935 so 100,000 - 14,935 = 85,065 blocks remaining. If 19% of them are POS that would be 85,065 * .19 = 16,162 blocks. POS blocks are typically way less than the 333 coins per block so this could affect the number of coins by, let's say 330 coins less per POS bock, 330 * 16,162 = 5,333,460 coins.  33,000,000 - 5,333,460 = 27,666,540 coins.

With that said I have seen earlier where POS blocks ran a higher percentage and I would expect POS to eat a lot more blocks as more coins are mined into wallets via POW. That is why the number is not  fixed number.

If any of the above is incorrect feel free to correct me and I will change it.

[jasemoney]

So if pos counts towards 100,000 pow cutoff that means the blockchain stops at 100,000. That's not correct unless he copied the EONcoin code...

[battbot]

So if pos counts towards 100,000 pow cutoff that means the blockchain stops at 100,000. That's not correct unless he copied the EONcoin code...

i might be wrong.  im not sure how it works.  im just going off memory

[Thrash]

So if pos counts towards 100,000 pow cutoff that means the blockchain stops at 100,000. That's not correct unless he copied the EONcoin code...

This is the key:

<line30>  #define POW_CUTOFF_HEIGHT 100000

POW max height is 100000, POS height will be limited by max coins it sounds like.

[jasemoney]

So if pos counts towards 100,000 pow cutoff that means the blockchain stops at 100,000. That's not correct unless he copied the EONcoin code...

This is the key:

<line30>  #define POW_CUTOFF_HEIGHT 100000

POW max height is 100000, POS height will be limited by max coins it sounds like.

Ahh but pos blocks are counted while inside that 100000 towards the pow max which would reduce us from 33 mil to a lower number of coins as I understand it now.

[HardwarePal]

What usually happens in POW/POS coins is a 25% less coins then the initial calculated number.
My rough estimate would be that the POW phase will end alot faster then what most think.

[Thrash]

What usually happens in POW/POS coins is a 25% less coins then the initial calculated number.
My rough estimate would be that the POW phase will end alot faster then what most think.

This is true but we are in uncharted waters I believe. XC has 100 days of POW while most POW/POS coins only have 5-10 days. My guess is the number of coins reduced should grow with each day so I think probably more than a 25% reduction. We shall see. I do agree POW will be over sooner than most expect.

[HardwarePal]

What usually happens in POW/POS coins is a 25% less coins then the initial calculated number.
My rough estimate would be that the POW phase will end alot faster then what most think.

This is true but we are in uncharted waters I believe. XC has 100 days of POW while most POW/POS coins only have 5-10 days. My guess is the number of coins reduced should grow with each day so I think probably more than a 25% reduction. We shall see. I do agree POW will be over sooner than most expect.

100 day POW isnt the norm , I estimate it to end in less than 60 days but who knows ?

[CryptoClub]

That "Sr. Member" thing underneath his name is saving the dev's ass right now lol

Agreed. It is a hell of a lot better than some newbie named after some new scam coin they are making.

[atcsecure]

Progress has been made... still not there yet.. however I may offer a teamviewer session later to prove what I have said so far.... other than that the things are moving forward!

[provenceday]

Progress has been made... still not there yet.. however I may offer a teamviewer session later to prove what I have said so far.... other than that the things are moving forward!

thanks for the hard working!!!

dev

[rickyross]

Progress has been made... still not there yet.. however I may offer a teamviewer session later to prove what I have said so far.... other than that the things are moving forward!

We appreciate the update and a teamviewer session would be nice  =)