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

[mirny]

After we end the pow, we need own XC Multipool, so people still can mine this coin

Community do it, we need this!

the sooner the better!

i will donate 100XC coin for our XC multipool

dude!  yes we need a multpool badly after pow. but a fancy/innovative one.

another thing would you please put the font smaller? it looks quite annoying to someone her.

thanks, pal

big font is good for lots of people, wich didnt sleep last night

[jakecrow]

Updated to v0.9.1.4x11-coin-1.0


Sorry about the confusion - here is the correct wallet

https://mega.co.nz/#!ZcN3xJBa!AusfqUpr6keImDaMKkOXnO165ZmEWl1WNfpuVX8EFkE

A LOT of people that are mining on Suprnova is going to get screwed over because ocminer went to sleep and is using your 20k block wallet....

1 of 2 things happen:

-Pool stratum shuts down automatically at 20k, in which case your failover kicks in (I'm assuming everyone has a failover set...)
-It doesn't automatically shut down and mining continues there

Either way it's not a big deal guys.

[Thrash]

Ok, I'll try this again.  

Last POW block is 21,000 and we are at 19980 as I type this leaving 1,020 blocks. If they are all POW blocks (they will not be) the max number of additional coins to be mined would be 339,660. If you add that to the current coin supply of 5,376,539 you get a max number of coins of 5,716,199.

Looks like about 25 hours of mining left. Get them while you can!

[fedmahnkassad]

I wanted to provide some more answers about the decentralized anonymous solution and how it will work


- 100XC to 1000XC's Required (#'s still being vetted)

- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)

- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>

- no masternode or supernode required to communicate xnodes to clients

- fully decentralized


Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less

This is really awesome. I am not sure if people realize how big this is. I guess it is possible to allow android phones to act as xnodes as well at a later stage?

[CryptoBull]

I wanted to provide some more answers about the decentralized anonymous solution and how it will work


- 100XC to 1000XC's Required (#'s still being vetted)

- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)

- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>

- no masternode or supernode required to communicate xnodes to clients

- fully decentralized


Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less

This is really awesome. I am not sure if people realize how big this is. I guess it is possible to allow android phones to act as xnodes as well at a later stage?

1000+

[provenceday]

After we end the pow, we need own XC Multipool, so people still can mine this coin

Community do it, we need this!

the sooner the better!

i will donate 100XC coin for our XC multipool

dude!  yes we need a multpool badly after pow. but a fancy/innovative one.

another thing would you please put the font smaller? it looks quite annoying to someone her.

thanks, pal

big font is good for lots of people, wich didnt sleep last night

sorry for that, can somebody help us with a XC Multipool?

[mannie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

[battbot]

Ok, I'll try this again.  

Last POW block is 21,000 and we are at 19980 as I type this leaving 1,020 blocks. If they are all POW blocks (they will not be) the max number of additional coins to be mined would be 339,660. If you add that to the current coin supply of 5,376,539 you get a max number of coins of 5,716,199.

Looks like about 25 hours of mining left. Get them while you can!

Where are you getting your numbers from?  My calculator says 21,000 blocks at 333 coins per block = 6,993,000

[battbot]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's that are raping mining and accounting for over 60-70% of the net hash.  That is why PoW blocks were (further) reduced.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

[provenceday]

After we end the pow, we need own XC Multipool, so people still can mine this coin

Community do it, we need this!

the sooner the better!

i will donate 100XC coin for our XC multipool

dude!  yes we need a multpool badly after pow. but a fancy/innovative one.

another thing would you please put the font smaller? it looks quite annoying to someone her.

thanks, pal

big font is good for lots of people, wich didnt sleep last night

sorry for that, can somebody help us with a XC Multipool?

 

[mannie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

[cyberhacker]

some one is preparing the multipool, which will push us upwards right after pow.

of course i think dev knows exactly what this coin nee and where it will be.

[battbot]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex). 

[Thrash]

Ok, I'll try this again.  

Last POW block is 21,000 and we are at 19980 as I type this leaving 1,020 blocks. If they are all POW blocks (they will not be) the max number of additional coins to be mined would be 339,660. If you add that to the current coin supply of 5,376,539 you get a max number of coins of 5,716,199.

Looks like about 25 hours of mining left. Get them while you can!

Where are you getting your numbers from?  My calculator says 21,000 blocks at 333 coins per block = 6,993,000

From the wallet and a little math:

Current Money supply at the time of previous post was : 5,376,539 coins

Blocks left were 1020 so 1020 time 333 coins per block = 339,660 coins

Take the current supply and add it to the most coins the 1020 blocks could create: 5,376,539 + 339,660 = 5,716,199

This is due ot the POS blocks that have aleady been mined being less than 333. If all blocks had been POW and 333 coins then the current money supply would be 6,653,340 instead of the 5,376,539.

Also keep in mind that out of the last 20 blocks over 50% were POS so my guess would be around 5,611,199 for total money supply at the end of POW. But I could be wrong.  

[battbot]

Thrash -- where are you finding that value of current money supply = 5,376,539 coins?

Thanks in advance

[mannie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

[Thrash]

Thrash -- where are you finding that value of current money supply = 5,376,539 coins?

Thanks in advance

Use the RPC command getinfo either from the command line or in the debug window if using a Windoze wallet.

[battbot]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

atcsecure would have to answer that one -- I'm not quite sure how it all works to be honest.

[zmhaha]

I wanted to provide some more answers about the decentralized anonymous solution and how it will work


- 100XC to 1000XC's Required (#'s still being vetted)

- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)

- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>

- no masternode or supernode required to communicate xnodes to clients

- fully decentralized


Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less

This is really awesome. I am not sure if people realize how big this is. I guess it is possible to allow android phones to act as xnodes as well at a later stage?

Not until AT&T, Sprint, or T-Mobile update their network to 7G or 8G. A masternode is no longer master while on 4G.

[fedmahnkassad]

some one is preparing the multipool, which will push us upwards right after pow.

of course i think dev knows exactly what this coin nee and where it will be.

xnodes mean you don't really NEED multipool, but I guess it will still be good to have one