(ANN) Netcoin has gone POS! With PIR & OWI

[Netcoin Foundation]

Which coin is the most similar to Netcoin at this moment?

Well I'm not sure that is going to help to be honest, because this is down to how they made the hard fork for the difficulty retarget. As you can see we got 3 changes we have the original difficulty at the bottom, then we put in KGW then we put in digishield and then we put in an altrered digishield... What I think is happening is it is compounding the difficulties...

So imagine we should be at difficulty 1... We would actually be at difficulty 4... Then say we go to difficulty 2... We'll actually be at difficulty 8 and so on, so the higher the difficulty goes the more it goes up... difficulty 4 would be difficulty 16, so it just gets worse.

I mean the POS came from pandacoin... But unless they changed difficulty retargeting multiple times I'm not sure what it is going to tell you.

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[coinerer]

Second case includes all possibilities if...if...if...else. This is the right way writing if..then...else clauses, and it is used in other coins (Digibyte,...)

I found answer on my question. you are rewarding with 25% current miners, with 400 net/block instead of 320 net/block.

Is 325 million NET still limit for PoW coins?

[Netcoin Foundation]

Second case includes all possibilities if...if...if...else. This is the right way writing if..then...else clauses, and it is used in other coins (Digibyte,...)

I found answer on my question. you are rewarding with 25% current miners, with 400 net/block instead of 320 net/block.

Is 325 million NET still limit for PoW coins?

Yes I looked in digibyte and saw the if else... and I think if digibyte had more than one change we would see the else if too... But certainly... And yeah I know exactly why it is at 400... Right we moved the block time to 2 minute a piece for pos and pow... pow used to be 1 minute... Because of this we double the pow reward and gave an extra 25% bonus for wallet adoption...

Now as the block times were off and difficulty retargetting wasn't working I changed it back to 1 minute block time and thus wanted to half the reward but keep the 25% bonus... But as the block switching had no else statements I guessed that the reward change didn't need them either...

Now I know both need the else statements. If that makes sense XD

[Netcoin Foundation]

But now I really don't know how to proceed... I'll need to hard fork again I imagine but on testnet lastnight I tried something... I had an updated client that included the else statements (apart from the one for reward)... My friend had the current wallet and they could talk to each other... It was actually like the else statements made no difference, at least it didn't reject the current client and visa versa...

So... I am thinking if I get the pools to update to the new client with the else statements we SHOULD still be able to talk to the other clients and get the chain moving again as intended... If it doesn't work then well there must be some other issue at play here.

But I think it must be the compounding difficulties, I can't see any other reason... But what is odd is this... Why didn't it do it on testnet? 0.o

[Netcoin Foundation]

Calling all Netheads

Okay guys, I was up all last night looking at this and trying things out on testnet... Really, the problem could lie in so many places, so I am here to ask you what you think about the trade in option... IE we make a new coin, Netcoin Reloaded or something... Pre-mine the existing coin total that is in circulation... And then you send us your Netcoins we send you the new coins 1 for 1...

This has some benefits... We'll know the coin will work properly... Also the block chain will be smaller.

It will be a bit of a pain and a lot of work for us. But we're willing to do it if this is something you are okay with and want. So if you can please let us know what you want us to do.

One way or the other we'll get it sorted!

[coinerer]

Calling all Netheads

Okay guys, I was up all last night looking at this and trying things out on testnet... Really, the problem could lie in so many places, so I am here to ask you what you think about the trade in option... IE we make a new coin, Netcoin Reloaded or something... Pre-mine the existing coin total that is in circulation... And then you send us your Netcoins we send you the new coins 1 for 1...

This has some benefits... We'll know the coin will work properly... Also the block chain will be smaller.

It will be a bit of a pain and a lot of work for us. But we're willing to do it if this is something you are okay with and want. So if you can please let us know what you want us to do.

One way or the other we'll get it sorted!

New coin should have the same name Netcoin, neither Reloaded nor something else is acceptable.

All parameters should stay unchanged.

New coin should be considered as only an update to Netcoin, only as new version of the same coin Netcoin.

New version of NetCoin should be based on the source code of new Bitcoin versions.  Possible updates has to be as easy as possible.

More than 90% of coins are based on old Bitcoin source code, and Netcoin should avoid that.

[Netcoin Foundation]

Calling all Netheads

Okay guys, I was up all last night looking at this and trying things out on testnet... Really, the problem could lie in so many places, so I am here to ask you what you think about the trade in option... IE we make a new coin, Netcoin Reloaded or something... Pre-mine the existing coin total that is in circulation... And then you send us your Netcoins we send you the new coins 1 for 1...

This has some benefits... We'll know the coin will work properly... Also the block chain will be smaller.

It will be a bit of a pain and a lot of work for us. But we're willing to do it if this is something you are okay with and want. So if you can please let us know what you want us to do.

One way or the other we'll get it sorted!

New coin should have the same name Netcoin, neither Reloaded nor something else is acceptable.

All parameters should stay unchanged.

New coin should be considered as only an update to Netcoin, only as new version of the same coin Netcoin.

New version of NetCoin should be based on the source code of new Bitcoin versions.  Possible updates has to be as easy as possible.

More than 90% of coins are based on old Bitcoin source code, and Netcoin should avoid that.

Yeah sure I mean we would have it as the same params etc, it would be just as it is now just a new chain... I was thinking of using PPC coin base, though I am open for other suggestions.

I'm also fine with keeping the name Netcoin, I only thought of a new name at the time of writing because I didn't know how exchanges would deal with it, but since writing I see that they can just swap over to the new chain and so the name etc can stay unchanged.

So suggestions of coinbase really then?

EDIT: Hmmm okay can't use peercoin as it is sha256 and not scrypt.

EDIT: While we're at it we might as-well chose a coinbase that has multi-algo?

[Netcoin Foundation]

There is another option to explore... The older client is still moving... We could revert back to it and then kill the POW and see how the POS goes on it's own... Only problem with this that I see is I have no idea how the POS will act on it's own, but could be worth a shot?

What do you guys think of that? I know it has been suggested before, so maybe we could try?

[coinerer]

But now I really don't know how to proceed... I'll need to hard fork again I imagine but on testnet lastnight I tried something... I had an updated client that included the else statements (apart from the one for reward)... My friend had the current wallet and they could talk to each other... It was actually like the else statements made no difference, at least it didn't reject the current client and visa versa...

So... I am thinking if I get the pools to update to the new client with the else statements we SHOULD still be able to talk to the other clients and get the chain moving again as intended... If it doesn't work then well there must be some other issue at play here.

But I think it must be the compounding difficulties, I can't see any other reason... But what is odd is this... Why didn't it do it on testnet? 0.o

1)

I think both cases do the same. Better practice is to use if...else if...else...if...else. If both cases do the same, it means no need to fork, I think. This in only my opinion and I don't know whole procedure of coin development.


2)

I am not sure if I understand all correctly.

You talk about some problems in Netcoins. Which are problems in Netcoin?

3)

For me, only problem with PoS  is my PoS is not confirmed sometimes, not too often

4)

I made website
                            http://netcoin.orgfree.com

where I put Netcoin wallet compiled with all the newest libraries.  You can check it In this version which uses Qt5.3.2 I see GUI problems which should be corrected. (colors)

[Hippie Tech]

Be wary of coinerer's link peeps !

https://www.virustotal.com/en/url/7c08410315e917554f18b505307dbc6335d7a2476105e8760009141bec00d835/analysis/1413205243/

[coinerer]

Be wary of coinerer's link peeps !

https://www.virustotal.com/en/url/7c08410315e917554f18b505307dbc6335d7a2476105e8760009141bec00d835/analysis/1413205243/

I noticed this, the same error at website http://quarkcoin.orgfree.com

I am surprised with 2 warnings too.

I think this is caused by ads from orgfree.com or from the counter, not from my files. I can't remove ads, but I can remove counter.

[coinerer]

Today after I scanned the same file

         http://netcoin.orgfree.com/netcoin-2.20.7z

Bitdefender reported malware site.



Last time AutoShun reported malware site, and today AutoShun reports Urated site.

Isn't this very confusing?

Decide yourself if you will use this small website http://netcoin.orgfree.com

[Netcoin Foundation]

Hmmm not had any reports about that before coinerer...

Anyway... Peeps time for a little update...

So, for the past 8 hours we have been monitoring the new 2.2 chain... As you know it froze yesterday and to be honest we thought it was a gonna. Then in the middle of the night it sprang to life!

We have been mining here http://pool.netcoinfoundation.org and watching as the blocks come in, it's certainly not perfect but much much better than it was previously, around about 100% more blocks coming than on the 2.1 chain.

So we have obviously decided for now to stick with the 2.2 chain until we make further improvements.

So by all means come along and join the hashing.

Thanks a lot everyone

Meee

EDIT: Oh and the good thing is it is 400 NET per block at the moment, double what it should be, and that's great because it makes up for the slightly slower blockchain.

EDIT: Oh and thanks for the effort coinerer but the official wallet also uses all the latest libraries. Yes 5.3.1 does cause some issues, hence why we use 4.8.6.

[yan7181]

http://explorer.netcoinfoundation.org/tx/d78fd57fe3e0789a59e7d06c7d280812b33a55689699c4dd3004381c718bb636

what is Not yet redeemed?
if not yet redeemed where the coins may go? will it goes back to my wallet?
693.69446537   0.00000000   nNZYHDLS98UvWhpfDxNCLUwq7Xb1UtfCQ5 ()   > 1 days ago   NET
TxID: d78fd57fe3e0789a59e7d06c7d280812b33a55689699c4dd3004381c718bb636

[Netcoin Foundation]

http://explorer.netcoinfoundation.org/tx/d78fd57fe3e0789a59e7d06c7d280812b33a55689699c4dd3004381c718bb636

what is Not yet redeemed?
if not yet redeemed where the coins may go? will it goes back to my wallet?
693.69446537   0.00000000   nNZYHDLS98UvWhpfDxNCLUwq7Xb1UtfCQ5 ()   > 1 days ago   NET
TxID: d78fd57fe3e0789a59e7d06c7d280812b33a55689699c4dd3004381c718bb636

I believe not yet redeemed simply means not yet spent... Could you give me some more info on the transaction? Like where did you send it to?

Also which client are you on? Are you on the latest 2.2 client?

[yan7181]

i mined at coinmine and from there, i request withdraw and send to cryptsy wallet.

[milly6]

Which coin is the most similar to Netcoin at this moment?

Theres 50+ coins almost exactly the same as NET.

[Netcoin Foundation]

i mined at coinmine and from there, i request withdraw and send to cryptsy wallet.

Cryptsy's wallet is currently down for maintenance, so that is most likely the reason why.

[Netcoin Foundation]

Which coin is the most similar to Netcoin at this moment?

Theres 50+ coins almost exactly the same as NET.

But you could say that about most coins... I don't know any other coin that has PIR and offers a variable interest rate based on the number of coins you hold, could you please tell me the 50 that do?

[yan7181]

i mined at coinmine and from there, i request withdraw and send to cryptsy wallet.

Cryptsy's wallet is currently down for maintenance, so that is most likely the reason why.

thanks for the reply.