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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 665821 times)
Croak
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May 16, 2014, 10:29:11 PM
 #1041

Nice, Cure is now listed on Poloniex. 

https://www.poloniex.com/exchange/btc_cure

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May 16, 2014, 10:29:58 PM
 #1042

I hear it's a PPC fork, so you can unlock only for PoS minting using the console.

Follow this guide: https://bitcointalk.org/index.php?topic=187714.0

Correct me if I'm wrong guys.
i wait for this confirmation to...

YES you use the same console command to unlock the curecoin wallet for minting as you do for peercoin.

In console, type this - walletpassphrase <yourpasswordhere> 99999999 true - hit enter. Give it a minute or so for the wallet to unlock. Good to go.

Remember that your coin-age has to be at a minimum of 30 days to start minting. Receiving coins to your wallet is fine; if you send any out/spend them, it will reset all of your coins back to day zero. Just like peercoin. So keep that in mind.

Thanks for the info!  Up until now I haven't used console commands in the wallets!
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May 16, 2014, 10:43:23 PM
 #1043

w8 for forever to get this released lol finaly a coin whit value to mine

used to fold for ever then bitcoins came in play

time to fold again
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May 16, 2014, 11:14:11 PM
 #1044

w8 for forever to get this released lol finaly a coin whit value to mine

used to fold for ever then bitcoins came in play

time to fold again

Tell me about it!

I've been cpu folding on and off, but abandoned gpu for a long time.

Goot to be back Wink
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May 16, 2014, 11:21:31 PM
 #1045

I hear it's a PPC fork, so you can unlock only for PoS minting using the console.

Follow this guide: https://bitcointalk.org/index.php?topic=187714.0

Correct me if I'm wrong guys.
i wait for this confirmation to...

YES you use the same console command to unlock the curecoin wallet for minting as you do for peercoin.

In console, type this - walletpassphrase <yourpasswordhere> 99999999 true - hit enter. Give it a minute or so for the wallet to unlock. Good to go.

Remember that your coin-age has to be at a minimum of 30 days to start minting. Receiving coins to your wallet is fine; if you send any out/spend them, it will reset all of your coins back to day zero. Just like peercoin. So keep that in mind.

Thanks for the info!  Up until now I haven't used console commands in the wallets!

So how does this work? Forgive me but I am new to cryptos and don't know anything about PoS. So you unlock your wallet and after 30 days you start earning interest or something? Does that mean your wallet is not encrypted anymore? Is this so that people can see how many coins are in all the inactive wallets with the block explorer?
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May 16, 2014, 11:41:35 PM
 #1046

Those interested, please check out the new logo fund: http://www.curecoin.us/index.php?board=2.0

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May 16, 2014, 11:47:59 PM
 #1047

I hear it's a PPC fork, so you can unlock only for PoS minting using the console.

Follow this guide: https://bitcointalk.org/index.php?topic=187714.0

Correct me if I'm wrong guys.
i wait for this confirmation to...

YES you use the same console command to unlock the curecoin wallet for minting as you do for peercoin.

In console, type this - walletpassphrase <yourpasswordhere> 99999999 true - hit enter. Give it a minute or so for the wallet to unlock. Good to go.

Remember that your coin-age has to be at a minimum of 30 days to start minting. Receiving coins to your wallet is fine; if you send any out/spend them, it will reset all of your coins back to day zero. Just like peercoin. So keep that in mind.

Thanks for the info!  Up until now I haven't used console commands in the wallets!

So how does this work? Forgive me but I am new to cryptos and don't know anything about PoS. So you unlock your wallet and after 30 days you start earning interest or something? Does that mean your wallet is not encrypted anymore? Is this so that people can see how many coins are in all the inactive wallets with the block explorer?

same as PPCoin:)
_______________________________________________________________________________ ____________________________________________
What is minting, exactly?
All coins in the network collect coin age. Your stake is calculated from this coin age, measured by last transaction, and multiplied with the amount of coins (time * coins). Transferred coins lose their age and start a new "life" as fresh coins. When you keep coins for 30 days, they are old enough to start the minting process. From that moment on the software tests the "search space" given by the coin age, the limited options are tested if they "solve the puzzle" like in Bitcoin mining. You can simply think of this by comparing it with a raffle. But it is a raffle that lets you keep the tickets every time you do not win a round. And with it the chance of producing a valid solution of the next puzzle increases. More coins equal more raffle tickets. So 100 coins at an age of 30 days are twice as likely to solve the "puzzle" as 50 coins with 30 age days. The maximum age a coin can have is 90 days, after this the coin does not age further. When a puzzle is solved you can mint 1% of your input, by sending 101% of the coin to yourself. With it you "consume" your built-up coin age. As you test against a limited number of raffle tickets (the "limited search space"), this requires significantly less power. Attacks become more difficult as well, instead of controlling 51% calculating power to take over the block chain, you need 51% of the coins that are put up as stake! When a block is minted, your new coins will be unspendable for a period of 520 blocks (~ 3.6 days with 10 minutes blocks). **More information can be found in the Peercoin whitepaper.**

Minting Return
Statistically you will get 1% interest on average on your coins per year if you mint. You only mint when your wallet is open, but as the resources use is a lot lower this will not lock up the computer or waste much power. Your wallet is unlocked, but you will still need your passphrase for transactions. An alternative strategy would be to wait until you have a lot of coin age and have a larger chance of minting a block. This would be around 90 days after transaction. However your return will be a little less compared with constant minting. Future wallet version will support in-wallet minting, possibly without decrypting.

The Curecoin-QT wallet software takes care of this whole process automatically, but it needs some configuration before it can start.
#In console, type this - walletpassphrase <yourpasswordhere> 99999999 true -hit enter.Give it a minute or so for the wallet to unlock.Good to go.




▄▄▄                                          ███                ▄▄▄     ███
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ALL YOU NEED IS LOAN





















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bardacuda
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May 17, 2014, 12:08:33 AM
 #1048

same as PPCoin:)
_______________________________________________________________________________ ____________________________________________
What is minting, exactly?
All coins in the network collect coin age. Your stake is calculated from this coin age, measured by last transaction, and multiplied with the amount of coins (time * coins). Transferred coins lose their age and start a new "life" as fresh coins. When you keep coins for 30 days, they are old enough to start the minting process. From that moment on the software tests the "search space" given by the coin age, the limited options are tested if they "solve the puzzle" like in Bitcoin mining. You can simply think of this by comparing it with a raffle. But it is a raffle that lets you keep the tickets every time you do not win a round. And with it the chance of producing a valid solution of the next puzzle increases. More coins equal more raffle tickets. So 100 coins at an age of 30 days are twice as likely to solve the "puzzle" as 50 coins with 30 age days. The maximum age a coin can have is 90 days, after this the coin does not age further. When a puzzle is solved you can mint 1% of your input, by sending 101% of the coin to yourself. With it you "consume" your built-up coin age. As you test against a limited number of raffle tickets (the "limited search space"), this requires significantly less power. Attacks become more difficult as well, instead of controlling 51% calculating power to take over the block chain, you need 51% of the coins that are put up as stake! When a block is minted, your new coins will be unspendable for a period of 520 blocks (~ 3.6 days with 10 minutes blocks). **More information can be found in the Peercoin whitepaper.**

Minting Return
Statistically you will get 1% interest on average on your coins per year if you mint. You only mint when your wallet is open, but as the resources use is a lot lower this will not lock up the computer or waste much power. Your wallet is unlocked, but you will still need your passphrase for transactions. An alternative strategy would be to wait until you have a lot of coin age and have a larger chance of minting a block. This would be around 90 days after transaction. However your return will be a little less compared with constant minting. Future wallet version will support in-wallet minting, possibly without decrypting.

The Curecoin-QT wallet software takes care of this whole process automatically, but it needs some configuration before it can start.
#In console, type this - walletpassphrase <yourpasswordhere> 99999999 true -hit enter.Give it a minute or so for the wallet to unlock.Good to go.


Thank you for the very informative reply. So you still need the password to do transactions, but your wallet is not encrypted? So does this mean if someone were to acquire my wallet.dat file that they can empty it without having the password?

EDIT: Also, how do you know when you've "solved the puzzle"? Will the wallet client tell you?
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May 17, 2014, 01:24:00 AM
 #1049

Quote
Thank you for the very informative reply. So you still need the password to do transactions, but your wallet is not encrypted? So does this mean if someone were to acquire my wallet.dat file that they can empty it without having the password?

EDIT: Also, how do you know when you've "solved the puzzle"? Will the wallet client tell you?

You'll get a transaction notification, it'll show in your transactions as "PoS mined", with the crossed picks symbol, and you'll see an amount in the "staked" area, subtracted from your normal balance, until the stake is confirmed, then the coins reserved for stake and the newly minted coins will go back to your main balance.

Unlocked does not mean unencrypted.  You can unlock your local wallet for PoS minting, but it's only unlocked on that machine while the QT (wallet client) is running and only for the time period you specify (that 99999999 is a value in seconds).  But if somebody else had a copy of your wallet.dat it would still be encrypted (assuming you encrypted it in the first place).

That said, the extremely un-lucrative nature of PoS minting for most coins means it's usually not worth too much anxiety if you fear for your wallet's safety. Smiley
bardacuda
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May 17, 2014, 01:47:17 AM
 #1050

Quote
Thank you for the very informative reply. So you still need the password to do transactions, but your wallet is not encrypted? So does this mean if someone were to acquire my wallet.dat file that they can empty it without having the password?

EDIT: Also, how do you know when you've "solved the puzzle"? Will the wallet client tell you?

You'll get a transaction notification, it'll show in your transactions as "PoS mined", with the crossed picks symbol, and you'll see an amount in the "staked" area, subtracted from your normal balance, until the stake is confirmed, then the coins reserved for stake and the newly minted coins will go back to your main balance.

Unlocked does not mean unencrypted.  You can unlock your local wallet for PoS minting, but it's only unlocked on that machine while the QT (wallet client) is running and only for the time period you specify (that 99999999 is a value in seconds).  But if somebody else had a copy of your wallet.dat it would still be encrypted (assuming you encrypted it in the first place).

That said, the extremely un-lucrative nature of PoS minting for most coins means it's usually not worth too much anxiety if you fear for your wallet's safety. Smiley


Thanks! As long as the wallet's still encrypted then, nope, don't fear for it's safety....at least until quantum computers are a thing...but if they were they could just do all the folding and be done with it, and the coin would be worthless after that anyway Smiley
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May 17, 2014, 01:51:37 AM
 #1051

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So, I said i would post a short summary of some ideas to promote curecoin and spread awareness.

The first thing that came to my mind was getting schools involved. Nowadays pretty much every school has a media-area, most high-schools in the country where I live (the Netherlands) got about 30-60 desktops each and the universities got even more. It'd be great if everyone interested in promoting curecoin would visit a few schools in their area to get a meeting. These computers could easily be used for folding when their idle (they're pretty much always toggled on anyway) and at night. By doing this the school could use the certificate wich the stanford website gives for positive promotion for example.(Look at us, we're promoting research in diseases) They'd also get their share of the profits ofcourse which would make their desktops actually have a ROI instead of waiting a few years untill their written off.

Obviously you could do the same thing at any company or internet cafe or whatever.

It's also really important to educate your friends and family about the coin and the folding process in general, previously when you were trying to get someone into crypto-currencies it'd always be about the money. With curecoin you can aim at their emotional side and thus making the step to curecoin, and crypto-currencies in general, easier.

Another important thing to do is to get a curecoin website up and running asap. The website would need some general details about curecoin but most importantly a well-written and full-scaled FAQ. Currently the BCT ANN thread is pretty much full with the same questions over and over again. These questions have all already been answered but most of the time on other website's/forums.

These are just a few things that come to my mind when thinking about marketing potential for curecoin, obviously keeping an active social media outlet etc. is also very important.

For anybody interested in visiting some schools/companies in their neighbourhood I could write you a short elevator pitch or give some comments on your own pitch.  

Please note I'm quite busy (working as a crypto-currency consultant since a few months) with other tasks but should their be any bounties or whatever I'm happy to free up some time to help work on a PR/marketing campaign.

My two cents Smiley

Posted this message as a reply on the marketing/PR topic on the curecoin forums too.

Oh and by the way, poloniex has added curecoin! https://poloniex.com/exchange/btc_cure

There's a lot of legal ramifications that act as a barrier for this. It's one thing for schools to donate time/energy to this. It's another thing to do this with taxpayer money while trying to get curecoins.

I'm all for anyone in government or corporations helping out FAH. It's not acceptable and REEKS of fraud to say you're helping FAH while actually doing it for a cryptocurrency.
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May 17, 2014, 02:09:41 AM
 #1052

Very happy to see this coin come into play. I just wish something for Lupus disease would show up on the folding projects.
Anyways, best of luck and ill be contributing

ExchangeD.I2p  First Ever Darknet CryptoCurrency Exchange. Trade altcoins anonymously.
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May 17, 2014, 04:01:26 AM
 #1053

Hey guys! Appears the daily and hourly stats pages we made are working well, so here they are!

http://stats.curecoinfolding.com/

They will change, we'll add some small additions this weekend and/or next week. Note that estimated payouts are... well... estimated. Predicted. Etc.

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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May 17, 2014, 05:54:06 AM
 #1054

Hey guys! Appears the daily and hourly stats pages we made are working well, so here they are!

http://stats.curecoinfolding.com/

They will change, we'll add some small additions this weekend and/or next week. Note that estimated payouts are... well... estimated. Predicted. Etc.

Thank you for this - it would be nice if this could be added to cryptobullionpools.com Smiley


Current estimated PPD - 206 million great job guys!!!

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May 17, 2014, 05:55:44 AM
 #1055

Hey guys! Appears the daily and hourly stats pages we made are working well, so here they are!

http://stats.curecoinfolding.com/

They will change, we'll add some small additions this weekend and/or next week. Note that estimated payouts are... well... estimated. Predicted. Etc.

Thank you for this - it would be nice if this could be added to cryptobullionpools.com Smiley


Current estimated PPD - 206 million great job guys!!!

Yup, definitely the next step! Smiley

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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May 17, 2014, 05:59:23 AM
 #1056

This is an awesome project I hope both the currency and work being done helps at least a little to mankind Smiley

Now if only my address didn't end in "bag"...  BEiYdso1fwAsqpyrtnkYLbaxmrg7EkKBag

lmao never had this happen before.
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May 17, 2014, 06:05:11 AM
 #1057

Is there any profitability calculator that I can use?

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May 17, 2014, 06:13:38 AM
 #1058

Is there any profitability calculator that I can use?

Not for folding yet though I could give you the equation.

If your mining their is a calculator.

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May 17, 2014, 06:41:09 AM
 #1059

Is there a way to transfer WU from one PC to another?
One of my home PCs has Radeon 5750 - which is still ok for WoT gaming and 4.5MH myriad-groestl mining...and I decided to try folding with it.
But the unit is downloading way too slow. With PC running 14-16 hours a day projected ETA is very close to the WU timeout...
So I want to try moving this WU to another faster GPU, but is this possible?
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May 17, 2014, 06:42:49 AM
 #1060

Is there a way to transfer WU from one PC to another?
One of my home PCs has Radeon 5750 - which is still ok for WoT gaming and 4.5MH myriad-groestl mining...and I decided to try folding with it.
But the unit is downloading way too slow. With PC running 14-16 hours a day projected ETA is very close to the WU timeout...
So I want to try moving this WU to another faster GPU, but is this possible?

Not that I know of. It'll probably mess up the work unit which is probably downloaded with special stuff for your GPU.

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