★[ANN] [NAV] NAV COIN - Community Fund Live!!!

[hashforce101]

Can someone with good understanding of PoS send me a private message? I have an issue and devs sleep now.

i found this

Proof-of-Stake Mining. In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.

The digital currencies who use the proof-of-stake method almost always use it in combination with proof-of-work mining. Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.

but im a newbie - hopefully someone corrects me

what this means to me is i move my NAV from the exchange and stake them in my NAV wallet - am i correct anyone

Hopefully someone private messages you

[minerjoen]

Can someone with good understanding of PoS send me a private message? I have an issue and devs sleep now.

i found this

Proof-of-Stake Mining. In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.

The digital currencies who use the proof-of-stake method almost always use it in combination with proof-of-work mining. Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.

but im a newbie - hopefully someone corrects me

what this means to me is i move my NAV from the exchange and stake them in my NAV wallet - am i correct anyone

Hopefully someone private messages you

This is correct, how more people buy ( how higher the price for 1 coin, ofc ) and how more you have in the wallet will give u more coins, see it as a fee what u earn over your coins in ur wallet.

[pmallek]

Can someone with good understanding of PoS send me a private message? I have an issue and devs sleep now.

i found this

Proof-of-Stake Mining. In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.

The digital currencies who use the proof-of-stake method almost always use it in combination with proof-of-work mining. Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.

but im a newbie - hopefully someone corrects me

what this means to me is i move my NAV from the exchange and stake them in my NAV wallet - am i correct anyone

Hopefully someone private messages you

Thats how I also understood it. I am asking for pm because all coins from my wallet dissapeared and I received transaction with type mined which wait for 60 confirmations. I need some explanation. Inside this transaction there is such description:

"Generated coins must mature 60 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, its state will change to "not accepted" and it won't be spendable. This may occasionally happen if another node generates a block within a few seconds of yours."

all good u just have to wait for confirmation and u can use your coins

[smoomrik]

3 stake = 3 orphans

[blackened515]

Can someone with good understanding of PoS send me a private message? I have an issue and devs sleep now.

i found this

Proof-of-Stake Mining. In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.

The digital currencies who use the proof-of-stake method almost always use it in combination with proof-of-work mining. Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.

but im a newbie - hopefully someone corrects me

what this means to me is i move my NAV from the exchange and stake them in my NAV wallet - am i correct anyone

Hopefully someone private messages you

Thats how I also understood it. I am asking for pm because all coins from my wallet dissapeared and I received transaction with type mined which wait for 60 confirmations. I need some explanation. Inside this transaction there is such description:

"Generated coins must mature 60 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, its state will change to "not accepted" and it won't be spendable. This may occasionally happen if another node generates a block within a few seconds of yours."

all good u just have to wait for confirmation and u can use your coins

OK, but confirmations doesn't come. I am waiting almost 2 hours and I have one confirmation for first mined trans. and 0 confirmation for second mined trans. All in all I have empty wallet

[ptic-1]

3 stake = 3 orphans

I bellive it will restake....or?

[uszaty43]

Navajo the unbreakable code- broken two times about 2,000,000 coins gone...

Maybe you should change the sentance?hahahah

[MaxOnBit]

When Bittrex will update wallet  ? And BTER...

[saberu]

In Chinese the word for spend and flowers is both the same - 花 or hua in pinyin. The character looks like a flower but you can also 'flower money' hua qian (花钱) meaning spend money. I know this because I learned fluent Chinese which means I have just been living in China way too long. If NAV takes off I can finally leave this flowers hell  

[halinyo]

When Bittrex will update wallet  ? And BTER...

Cant you now trade? It is open for trading right now...

[shahim]

When Bittrex will update wallet  ? And BTER...

And polo!

[skidog]

Do I need to turn my wallet into a server to solo mine?

[DRPD]

Do I need to turn my wallet into a server to solo mine?

if you mean staking = no.

[skidog]

Do I need to turn my wallet into a server to solo mine?

if you mean staking = no.

nope my wallet is stuck on block 11491 so i thought id try mining solo with it. Maybe that would move the block chain.

[DRPD]

Do I need to turn my wallet into a server to solo mine?

if you mean staking = no.

nope my wallet is stuck on block 11491 so i thought id try mining solo with it. Maybe that would move the block chain.

don't think this will help and pow is over. so no mining possible afaik (except multipool).
have you deleted the whole blockchain & resync?

[lrgbit]

Will the exchanges now be able to update their wallets and allow us to move out coins?

I don't understand why they are not doing it?

Anyone know?

[minerjoen]

Will the exchanges now be able to update their wallets and allow us to move out coins?

I don't understand why they are not doing it?

Anyone know?

It's not that easy like for us users, those are big companies. I think tomorrow its fixed.
So those exchanges are also testing everything they can before put it online, because of security reasons and other important cases.

Just wait u ppl are looking to the currency? navajo is rising!!

I hope cryptsy got navajo fixed soon, because i want to buy more navajo coins now the price is still low

[skidog]

Do I need to turn my wallet into a server to solo mine?

if you mean staking = no.

nope my wallet is stuck on block 11491 so i thought id try mining solo with it. Maybe that would move the block chain.

don't think this will help and pow is over. so no mining possible afaik (except multipool).
have you deleted the whole blockchain & resync?

yep and im stuck on block 11491. And tried the download too. Gives me wrong number of coins.

[spatula]

The new wallet with the downloaded block chain is all synced up, but says i have zero NAV. When I look at the "Transactions" tab it all looks correct.

[rasco2010]

The new wallet with the downloaded block chain is all synced up, but says i have zero NAV. When I look at the "Transactions" tab it all looks correct.

Restore wallet.dat