[RE-ANN] GrowthCoin PoW/PoS - 100% per year - Version 1.3.0.1

[paramind22]

That's why I'm starting with the easier changes first getting pow rewards going again and pos reward reduction if I could find help I would take it in a heart beat but it is what it is the only thing I am not entirely sure of that I'm trying to figure out is whether these changes can be completed to the main chain or whether it will require a hard fork to the chain like what just happened with BCT and BCH

Have you done much to reduce the load of the wallet?  It's using a lot of CPU/Memory.  Do you use Github?  Can you share your address there so others can look at the code?  


Here is the original:
https://github.com/iamunick/growthcoin

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[paramind22]

That github came from:

https://github.com/sherlockcoin/growthcoin-resurection

GrowthCoin - a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message).

Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.

GrowthCoin provides monthly interest rate of 5.95%, for stakes that are held during that period of time. This equivalent to an annual interest of 100%. PoS blocks will be generated if the stake are held for more than 5 days. There is a hard limit of 2 billion coins.

- Each normal block has 100 coins
- 45 seconds block time
- Difficulty retargets every block
- Mining payout will be halved every 3 months (or every 172,800 blocks)
- Expected total mined coins will be 37,368,000 coins
- 3 confirmations for transaction
- 50 confirmations for minted blocks
- Support transaction message

- Hourly random bonus block of 500-1000 coins (that is, 1/80 chance to get a bonus block).

[yeahitsme]

That's why I'm starting with the easier changes first getting pow rewards going again and pos reward reduction if I could find help I would take it in a heart beat but it is what it is the only thing I am not entirely sure of that I'm trying to figure out is whether these changes can be completed to the main chain or whether it will require a hard fork to the chain like what just happened with BCT and BCH

Changing rewards requires a hard fork. Every node has to agree on the reward for a given block, so if someone starts putting out blocks with an unexpected reward, the 'old' clients will ban them.

affirmative sir as long as the majority of grw switch wallet versions along with putting in more nodes connected to the new chain vs the old chain nodes should that not allow for the fork to proceed smoothly I have never tried to fork a moving chain I have restarted coin chains or will the old nodes need to be shut out of the new code?

[yeahitsme]

That's why I'm starting with the easier changes first getting pow rewards going again and pos reward reduction if I could find help I would take it in a heart beat but it is what it is the only thing I am not entirely sure of that I'm trying to figure out is whether these changes can be completed to the main chain or whether it will require a hard fork to the chain like what just happened with BCT and BCH

Have you done much to reduce the load of the wallet?  It's using a lot of CPU/Memory.  Do you use Github?  Can you share your address there so others can look at the code?  


Here is the original:
https://github.com/iamunick/growthcoin

what happens when the last 6 or 7 buy orders are gone ? that's what I'm looking at then whos going to buy your stake? the markets are a fraction of an inch from folding I'm prioritizing the reward changes if you take a look and see something that can be changed to help with wallet bloat post it here its on my list of things to do

[yeahitsme]

here are the results from the community poll

[paramind22]

Good work on the poll graphs.

We need more people to keep your wallet open.  It's like a money machine right now with few wallets open.  But if everyone drops off, then that means more CPU needed for each wallet open. 

[yeahitsme]

Good work on the poll graphs.

We need more people to keep your wallet open.  It's like a money machine right now with few wallets open.  But if everyone drops off, then that means more CPU needed for each wallet open. 

yes sir I am going to try and finish up some of the changes this week get them published to the GitHub fork then will have to get some nodes up and running and test using testnet wallet and changes and as long as everything is stable and working on test net I am hoping mid month I can start putting the word out on the changes and hopefully get some interest back surrounding the project

as for the current wallet I will boot mine up and let it roll been off for the last 2 days I try to keep it up as much as possible

[paramind22]

Hopefully, more people will start to support the good POS coins that have a way to go up, now that they've lost big on so many.  I am awestruck by both the intelligence of some people in crypto and the silly hoard-following nature of others.  THIS COIN NEEDS SOME SUPPORT.

[yeahitsme]

I have supported POS coins since the beginning my biggest problem with POS coins is the fact that the people with money make money raising prices then dumping on people who don't or didn't have the money to buy vast quantities of the coin its scared a lot of the smaller investors out of the pos coin market however if someone can innovate the sector better and find a true fair way to distribute and there may not be I have always viewed pos coins as a way to store the value of bitcoin into like an interest bearing bank account however the price fluctuations inherent in pos coins make people not hold as long and dump when they can vs actually holding and believing in the system as long as people keep innovating though eventually POS will find a better footing

[paramind22]

You can tell by the sell orders what's in store.  If people with less money don't get out in time that's their problem.  There are warning signs.  I personally diversify completely over about 70 coins and so it's easy for me to move in an out without much emotional difficulty.  There are about ten POS coins right now that look fair for a long time yet.  I always look at the orders all the way up on the exchanges to see if someone could crash the price.

[FlungSpun]

I personally diversify completely over about 70 coins.

Wow how things have moved on.
When I started this there were less than 7 coins
Then people were outraged about the shitcoin explosion.
Now, 70 coins is a considered good diversification

Future is looking more and more interesting.

[yeahitsme]

I personally diversify completely over about 70 coins.

Wow how things have moved on.
When I started this there were less than 7 coins
Then people were outraged about the shitcoin explosion.
Now, 70 coins is a considered good diversification

Future is looking more and more interesting.

seventy seems a bit excessive to me I think max was 5 or 6 at a time however a lot of the pos coins dried up and with it I only hold 2 now

[Andrey123]

Guys.
How many coins do you need for a POS?
On Rapsberry you can start a purse?

[paramind22]

Guys.
How many coins do you need for a POS?
On Rapsberry you can start a purse?

5000 should stake.  Not sure about Raspbery.

[Andrey123]

5000 should stake.  Not sure about Raspbery.

it is more than 5000 dollars (
why so much?

[paramind22]

5000 should stake.  Not sure about Raspbery.

it is more than 5000 dollars (
why so much?

That's about $10.

[paramind22]

There are not many people keeping the network up.  Have to remember that most other low entry coins have now trashed to 1 Sat.
Seems Buzz is about to and 808 has joined the list of many others.

[Andrey123]

That's about $10.

but where is the price to look at the coin?
apparently, I did not count there.

[Andrey123]

That is, does not it make sense to invest in this coin?

[paramind22]

You have to decide on that.