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chromosoma
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August 28, 2014, 02:04:18 AM |
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Everything is working. How do i merge mine now?
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madmartyk
Legendary
 Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 28, 2014, 02:08:00 AM |
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Everything is working. How do i merge mine now?
Yes I'm wondering the same thing? |
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danosphere (OP)
Legendary
Offline
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
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August 28, 2014, 02:11:28 AM |
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Dan - exactly how does the Service Fee Regen work?
thanks in advance
Syscoin charges users a "service fee" for the various services the coin provides- aliases, offers, data, and certificates. In 0.1.0 - 0.1.3 these fees were "burned" meaning that the number of coins in circulation was actively being reduced. In 0.1.4 moving forward (starting at block 17k) these fees are "regenerated" back to miners on 2 moving averages outlined in the whitepaper (which I need to add to this new OP sry). What this means is l arger block rewards for miners without increasing the amount of coins in circulation or changing the max-coins at all.  Everything is working. How do i merge mine now?
Yes I'm wondering the same thing? Merged mining works by taking the "work" done to solve a block on a different scrypt coin- lets say Litecoin in this case - and reusing that "work" to solve Syscoin blocks. This effectively nets the miner 2 coins for the "work" of one. You can see how this will not only increase the network hashrate exponentially, its also more cost effective for miners and improves the distribution of Syscoin in general. Dan? Are you eMunie DEV?
Nope, Syscoin and only Syscoin for me |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 28, 2014, 02:14:05 AM |
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So will there be instructions on how to merge mine this with other coins?
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jjj0923
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August 28, 2014, 02:14:49 AM |
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In the For What It's worth department about 15 minutes ago I transferred 1 coin from my new wallet to my account on Mintpal 15 minutes later ... it has not shown up yet.... that's not to say it won't soon, but it has not in 15 minutes. |
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chromosoma
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August 28, 2014, 02:17:40 AM |
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Merged mining works by taking the "work" done to solve a block on a different scrypt coin- lets say Litecoin in this case - and reusing that "work" to solve Syscoin blocks. This effectively nets the miner 2 coins for the "work" of one. You can see how this will not only increase the network hashrate exponentially, its also more cost effective for miners and improves the distribution of Syscoin in general.
Ehm, ok . But how do I start merge mining:)? |
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 28, 2014, 02:20:19 AM |
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Merged mining works by taking the "work" done to solve a block on a different scrypt coin- lets say Litecoin in this case - and reusing that "work" to solve Syscoin blocks. This effectively nets the miner 2 coins for the "work" of one. You can see how this will not only increase the network hashrate exponentially, its also more cost effective for miners and improves the distribution of Syscoin in general.
Ehm, ok . But how do I start merge mining:)? Does it have to be done on a pool that supports both the coin mined and SYS? Or is it set up in the wallet? |
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peels
Newbie
Offline
Activity: 42
Merit: 0
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August 28, 2014, 02:20:54 AM |
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In the For What It's worth department about 15 minutes ago I transferred 1 coin from my new wallet to my account on Mintpal 15 minutes later ... it has not shown up yet.... that's not to say it won't soon, but it has not in 15 minutes. Blocks moving a bit slow right now. You can probably find the transaction in the block explorer here http://www.blockexperts.com/sys |
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chromosoma
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August 28, 2014, 02:24:27 AM |
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In the For What It's worth department about 15 minutes ago I transferred 1 coin from my new wallet to my account on Mintpal 15 minutes later ... it has not shown up yet.... that's not to say it won't soon, but it has not in 15 minutes. My deposit to bittrex is pending since 40 min or so....I am not sure if they are updated yet |
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danosphere (OP)
Legendary
Offline
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
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August 28, 2014, 02:30:26 AM |
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In the For What It's worth department about 15 minutes ago I transferred 1 coin from my new wallet to my account on Mintpal 15 minutes later ... it has not shown up yet.... that's not to say it won't soon, but it has not in 15 minutes. Its fine Mintpal just needs to update. I was speaking with them prior to the release but it might have gotten too late. Soon as they are updated your coins will be there, I don't have clarity on if they are fully updated or not but will reach out to them. This applies to all exchanges. Your coins will appear there after they have updated.We have also reached out to the operator of our block explorer and asked them to update as well, should be completed soon. |
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manbot1
Member
Offline
Activity: 84
Merit: 10
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August 28, 2014, 03:03:49 AM |
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In the For What It's worth department about 15 minutes ago I transferred 1 coin from my new wallet to my account on Mintpal 15 minutes later ... it has not shown up yet.... that's not to say it won't soon, but it has not in 15 minutes. Its fine Mintpal just needs to update. I was speaking with them prior to the release but it might have gotten too late. Soon as they are updated your coins will be there, I don't have clarity on if they are fully updated or not but will reach out to them. This applies to all exchanges. Your coins will appear there after they have updated.We have also reached out to the operator of our block explorer and asked them to update as well, should be completed soon. i withdrew 100 from bitrex still waiting for it to arrive 35 mins ago but bitrex took 2 sys off me for withdraw is that right..thats like 20 dollars to me 2 syscoin |
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suppersz
Sr. Member
Offline
Activity: 336
Merit: 250
There is a day to be born, and another to die
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August 28, 2014, 03:09:05 AM |
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I think that need to put 'MANDATORY UPDATE' into the title!
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tobeaj2mer01
Legendary
Offline
Activity: 1098
Merit: 1000
Angel investor.
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August 28, 2014, 03:17:22 AM |
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What the hell sys price, it is only 355 sat now.......
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Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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altcoin4u
Member
Offline
Activity: 159
Merit: 10
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August 28, 2014, 03:18:41 AM |
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Transferred 25k from Mintpal at 22:00 EST in 1.3 wallet. 25K received in 1.3 wallet and confirmed.
Upgraded to 1.4 wallet minutes ago. 25K now unconfirmed. Wallet on current block. Also new receive address with 1.4 wallet?
Will 25k confirm?
Thanks for the help. Regards
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DougB62
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August 28, 2014, 03:27:21 AM |
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Transferred 25k from Mintpal at 22:00 EST in 1.3 wallet. 25K received in 1.3 wallet and confirmed.
Upgraded to 1.4 wallet minutes ago. 25K now unconfirmed. Wallet on current block. Also new receive address with 1.4 wallet?
Will 25k confirm?
Thanks for the help. Regards
Did you happen to backup your wallet.dat file before you upgraded? |
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altcoin4u
Member
Offline
Activity: 159
Merit: 10
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August 28, 2014, 03:30:21 AM |
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Transferred 25k from Mintpal at 22:00 EST in 1.3 wallet. 25K received in 1.3 wallet and confirmed.
Upgraded to 1.4 wallet minutes ago. 25K now unconfirmed. Wallet on current block. Also new receive address with 1.4 wallet?
Will 25k confirm?
Thanks for the help. Regards
Did you happen to backup your wallet.dat file before you upgraded? No. Not this upgrade. |
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manbot1
Member
Offline
Activity: 84
Merit: 10
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August 28, 2014, 03:30:52 AM |
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What the hell sys price, it is only 355 sat now.......
i just pushed it up to 366 on bitrex |
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altcoin4u
Member
Offline
Activity: 159
Merit: 10
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August 28, 2014, 03:42:28 AM |
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Forum page 1 needs updated to reflect V 1.4 for wallet. Still reads V 1.3
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cryptosalmon
Newbie
Offline
Activity: 23
Merit: 0
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August 28, 2014, 03:50:18 AM |
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why so many buy walls at 360-370?? over quarter mil of SYS just there alone
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