stonehedge
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October 12, 2016, 12:33:28 PM |
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For me its a very good example of why Proof of Work as we know it cannot be the future of cryptocurrency.
Is $2,000 to $3000 per hour being added to the value of Crowncoin? No. Not even close.
The same argument stands for Bitcoin. If I were to do the calculations, PoW is surely just a huge waste of natural resources.
What is the alternative? I have no idea. I suspect whoever invents the next big thing will be as famous as Satoshi though.
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defunctec
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October 12, 2016, 01:08:07 PM |
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For me its a very good example of why Proof of Work as we know it cannot be the future of cryptocurrency.
Is $2,000 to $3000 per hour being added to the value of Crowncoin? No. Not even close.
The same argument stands for Bitcoin. If I were to do the calculations, PoW is surely just a huge waste of natural resources.
What is the alternative? I have no idea. I suspect whoever invents the next big thing will be as famous as Satoshi though.
There must be huge farms using renewable energy, the economics of it do not work out.
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defunctec
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October 12, 2016, 01:08:55 PM |
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We're now listed in the ASIC section of whattomine.com, may explain the increase of hash. 
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jeliman (OP)
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October 12, 2016, 01:19:32 PM |
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115 Thrones supernodes online today
203 Thrones online now 235 Thrones online
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thelonecrouton
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October 12, 2016, 01:37:46 PM |
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For me its a very good example of why Proof of Work as we know it cannot be the future of cryptocurrency.
Is $2,000 to $3000 per hour being added to the value of Crowncoin? No. Not even close.
The same argument stands for Bitcoin. If I were to do the calculations, PoW is surely just a huge waste of natural resources.
What is the alternative? I have no idea. I suspect whoever invents the next big thing will be as famous as Satoshi though.
I've made my position on Proof-of-Waste clear many times - it's grotesquely inefficient, comically insecure, and economically infantile. To try and be constructive though... I would suggest that the CRW team start thinking about how CRW might provide actually useful services to people via your overlay network. Services that might actually provide a revenue stream and thus increase the market desirability of your digital token. Go look at the CPU stats on your VPS's - they spend 99% of their time doing absolutely nothing. There are dozens of Dash clones, none of them do anything useful. I told Evan Duffield two years ago that he should focus on making network resources available to potential customers, he's belatedly in the process but he's taking his own sweet time about it and making it as painfully overcomplicated as possible. coins101 made a post in the WallObserver thread a week or so ago about how pathetically few actual users BTC has worldwide, after 7 years. He was dismissed by the usual collection of delusional zealots. BTC is useless to most people, as are most other crytocurrencies. It's not even any good at it's purported purpose... 4 transactions per second... at an infrastructure cost of $5+ each... in the 21st Century...? Yeah, good luck with that. Make CRW of some actual use to people and businesses. Forget about pandering to clueless, broke cryptognats. Frankly I'm going to need some competition, and it would be helpful it the work was spread around a bit...  Oh, as since Proof-of-Waste fails so miserably at its intended purpose, consider that a system that's cryptographically sound from end to end doesn't need "consensus" - ie. who can afford to waste the most energy - at all.Cryptocurrencies need to back to fundamentals and take an honest look at what it is they are supposed to be achieving. P.S. Drop the "coin" bit too. 
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TheHiveMind
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October 12, 2016, 03:56:23 PM Last edit: October 12, 2016, 04:07:46 PM by TheHiveMind |
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I would suggest that the CRW team start thinking about how CRW might provide actually useful services to people via your overlay network. Services that might actually provide a revenue stream and thus increase the market desirability of your digital token.
Go look at the CPU stats on your VPS's - they spend 99% of their time doing absolutely nothing. There are dozens of Dash clones, none of them do anything useful.
We would like to agree with the above statements, specially the aspect about revenue generating services. It is probable that the dev team has thought of useful services that will generate value. They just haven't told us yet. Much hush hush around this, due to protecting IP. RE: VPSs. What services do the denizens of CRW use? ^( '-' )^ | The Hive would like to set up its very own Throne room. | ^( '-' )^ We see Vultr could work for 5 USD / month. But we might want one that's less expensive. ~ The Hive ~
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defunctec
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October 12, 2016, 05:02:39 PM |
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I would suggest that the CRW team start thinking about how CRW might provide actually useful services to people via your overlay network. Services that might actually provide a revenue stream and thus increase the market desirability of your digital token.
Go look at the CPU stats on your VPS's - they spend 99% of their time doing absolutely nothing. There are dozens of Dash clones, none of them do anything useful.
We would like to agree with the above statements, specially the aspect about revenue generating services. It is probable that the dev team has thought of useful services that will generate value. They just haven't told us yet. Much hush hush around this, due to protecting IP. RE: VPSs. What services do the denizens of CRW use? ^( '-' )^ | The Hive would like to set up its very own Throne room. | ^( '-' )^ We see Vultr could work for 5 USD / month. But we might want one that's less expensive. ~ The Hive ~ We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact CHAOSiTEC... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60
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stonehedge
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October 12, 2016, 05:05:07 PM |
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I would suggest that the CRW team start thinking about how CRW might provide actually useful services to people via your overlay network. Services that might actually provide a revenue stream and thus increase the market desirability of your digital token.
Go look at the CPU stats on your VPS's - they spend 99% of their time doing absolutely nothing. There are dozens of Dash clones, none of them do anything useful.
We would like to agree with the above statements, specially the aspect about revenue generating services. It is probable that the dev team has thought of useful services that will generate value. They just haven't told us yet. Much hush hush around this, due to protecting IP. RE: VPSs. What services do the denizens of CRW use? ^( '-' )^ | The Hive would like to set up its very own Throne room. | ^( '-' )^ We see Vultr could work for 5 USD / month. But we might want one that's less expensive. ~ The Hive ~ We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact chaositec... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60 Apart from anything, we're a Bitcoin clone with Namecoin and Dash features. I think that is enough to classify us as NOT another DASH clone, at least until we launch our services! In a few days we'll even be on a newer Bitcoin code base than DASH.
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jamalaezaz
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October 12, 2016, 05:27:47 PM |
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Great to see CrownCoin Reached to 4000Satoshi from 3000 satoshi.. Undoubtly feeling proud to be a part of it somehow(as their signature campaign manager. I don't feel bad if I get some credit for this.  ) Great Work Dev..
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Available For CM/SMM, Content Writing and Digital Marketing TG: @jamalaezaz
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crowncoin_knight
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October 12, 2016, 06:39:39 PM |
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Great to see CrownCoin Reached to 4000Satoshi from 3000 satoshi.. Undoubtly feeling proud to be a part of it somehow(as their signature campaign manager. I don't feel bad if I get some credit for this.  ) Great Work Dev.. Great spirit man - keep the campaign going! Thank you for your support 
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thelonecrouton
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October 12, 2016, 06:56:14 PM |
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Apart from anything, we're a Bitcoin clone with Namecoin and Dash features. I think that is enough to classify us as NOT another DASH clone, at least until we launch our services!
In a few days we'll even be on a newer Bitcoin code base than DASH.
Please don't interpret my post as a dig at CRW in particular, or any disrespect for your team's work so far. I like the "traditional" - for want of a better word, hopefully you know what I mean - aspect your current branding approach brings, and I'll try to play to that in the suggestions I'll be making WRT the UX/UI side of things. I was in bigger-picture mode, that's all.
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crowncoin_knight
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October 12, 2016, 07:06:53 PM |
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Great to see CrownCoin Reached to 4000Satoshi from 3000 satoshi.. Undoubtly feeling proud to be a part of it somehow(as their signature campaign manager. I don't feel bad if I get some credit for this.  ) Great Work Dev.. Credit where credit is due. Good work spreading the word! Also props to who had the signature designed, it looks very sleek and polished. I don't know if anyone cares to address my earlier comment regarding how thrones will proceed after the blocks are mined out. Will the services be generating their own revenue or perhaps the thrones getting a % of transactions fees? Thank you Yes, a very thorough discussion is currently going on across the dev team. I have seen your post and a reply will be given soon - matter of few weeks.
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CHAOSiTEC
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October 12, 2016, 08:33:16 PM |
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Great to see CrownCoin Reached to 4000Satoshi from 3000 satoshi.. Undoubtly feeling proud to be a part of it somehow(as their signature campaign manager. I don't feel bad if I get some credit for this.  ) Great Work Dev.. Credit where credit is due. Good work spreading the word! Also props to who had the signature designed, it looks very sleek and polished. I don't know if anyone cares to address my earlier comment regarding how thrones will proceed after the blocks are mined out. Will the services be generating their own revenue or perhaps the thrones getting a % of transactions fees? Thank you We are currently in a high level discussion about the future of crowncoin and thrones, and if it goes in the direction im thinking of, then we will end up with a system where thrones are in the heart of it all, i cannot disclose anything more at the moment, but trust me, alot of things are being looked at and discussed.
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node-vps.com - Tron / Masternode hosting services
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TheHiveMind
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October 13, 2016, 03:56:52 AM |
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We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact CHAOSiTEC... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60 The Hive appreciates your help. What does a .conf file look like when there are multiple thrones? Do we have to make a brand new .conf file or is there a way to append new thrones into the existing .conf file. The Hive is grateful for your assistance in building its Throne room. ~ The Hive ~
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stonehedge
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October 13, 2016, 07:34:30 AM |
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We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact CHAOSiTEC... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60 The Hive appreciates your help. What does a .conf file look like when there are multiple thrones? Do we have to make a brand new .conf file or is there a way to append new thrones into the existing .conf file. The Hive is grateful for your assistance in building its Throne room. ~ The Hive ~ Here is a sample of a Throne.conf (Throneprivkeys changed). In theory you can just append new thrones into existing throne.conf however there is a bug with start-many that means that if any of the thrones in your conf are already active, the new one's won't start. This will be fixed in the next release. The work around is to back up your throne.conf and then temporarily remove the ones that are already running. Once the new ones have started, you can merge your backed up throne.conf and the new one. Annoying but will be temporary. Throne1 158.69.66.58:9340 5JKSn3YoUazqFsjPUMzqhH3R6sMqo4Xvpbp 0304566d46efd2be4056ffce7557eb1827414ae3eda4fbe001f713ef31e780df 1 Throne2 158.69.88.76:9340 5JxPceUF5U6ygJUg4mjuFAhTKb71XWpUhX8B9J12V 0461a3f6ebf0e213a1a223f22a9dcf8ac024bb7e8e5d770ff15c5f07058e68bb 0 Throne3 158.69.88.80:9340 5K742koAadfMhLUaBS9TpxEhHq1Wp8CnRNZoB1q9 0cd69ee9ba21624902aee15dcbcbca757e1e0a939ef97b578dbe860fc3eaaa3c 0 Throne4 158.69.89.107:9340 5JWSP3emq2RD92p9wQdBLgS1YYxPWj3xAtwBodA 12b0f448213abcad94a0b2d76bcfea4675cbd542b97803aa840afaf9942500ec 0 Throne5 158.69.89.0:9340 5KP6uvWQktjNC3TxqFQHqboJFYadK7XJVteNMq1MuA 13b8fac7f8d471a9da5d6ee2aaa7a321acb85ec973e686474acac3e2e860c43a 0
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defunctec
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October 13, 2016, 02:31:33 PM |
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We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact CHAOSiTEC... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60 The Hive appreciates your help. What does a .conf file look like when there are multiple thrones? Do we have to make a brand new .conf file or is there a way to append new thrones into the existing .conf file. The Hive is grateful for your assistance in building its Throne room. ~ The Hive ~ Here is a sample of a Throne.conf (Throneprivkeys changed). In theory you can just append new thrones into existing throne.conf however there is a bug with start-many that means that if any of the thrones in your conf are already active, the new one's won't start. This will be fixed in the next release. The work around is to back up your throne.conf and then temporarily remove the ones that are already running. Once the new ones have started, you can merge your backed up throne.conf and the new one. Annoying but will be temporary. Throne1 158.69.66.58:9340 5JKSn3YoUazqFsjPUMzqhH3R6sMqo4Xvpbp 0304566d46efd2be4056ffce7557eb1827414ae3eda4fbe001f713ef31e780df 1 Throne2 158.69.88.76:9340 5JxPceUF5U6ygJUg4mjuFAhTKb71XWpUhX8B9J12V 0461a3f6ebf0e213a1a223f22a9dcf8ac024bb7e8e5d770ff15c5f07058e68bb 0 Throne3 158.69.88.80:9340 5K742koAadfMhLUaBS9TpxEhHq1Wp8CnRNZoB1q9 0cd69ee9ba21624902aee15dcbcbca757e1e0a939ef97b578dbe860fc3eaaa3c 0 Throne4 158.69.89.107:9340 5JWSP3emq2RD92p9wQdBLgS1YYxPWj3xAtwBodA 12b0f448213abcad94a0b2d76bcfea4675cbd542b97803aa840afaf9942500ec 0 Throne5 158.69.89.0:9340 5KP6uvWQktjNC3TxqFQHqboJFYadK7XJVteNMq1MuA 13b8fac7f8d471a9da5d6ee2aaa7a321acb85ec973e686474acac3e2e860c43a 0 I am curious about how frequently the thrones payout to their respective wallets? Additionally, has anyone else had to run swapfile to supplement their virtual memory? Lastly, I might be able to trouble shoot this, but utilizing the my throne section requires that you start the address there? Or can I populate the requisite information manually? Thank you for any insight Firstly, currently you can expect anywhere from 18 - 28 CRW per day (Going from my payments). Say the average is 23, that's 23crw*30days=690crw @ 0.00003107 per crowncoin = 0.0214383btc per month or $13.66 Secondly, stonehedge is your man for swap file info.. He uses these himself so i'm sure he can help you out  lastly, the my throne tab is quite buggy (something thats being worked on right now)
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Coin_trader
Copper Member
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SC
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October 13, 2016, 02:41:13 PM |
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CrownCoin, CRW------------------------*************-------------------------Tradition merged with technologyCrowncoin (CRW) is a new digital currency inspired by royal European history. Crowncoin has a two tier network (Thrones) which will provide the base for decentralised applications and was created with the sole purpose: to become a dominant European digital currency storing the historical and financial values generated on the old continent. Using Thrones (Masternodes) we have built the foundations for a DApp platform (Digital Apps), we aim to host services, decentralised across the network. ------------------------*************-------------------------------------------------*************-------------------------FEATURES------------------------*************-------------------------Communityhttps://www.reddit.com/r/Crowncoin/https://twitter.com/Crowncoin1https://www.facebook.com/crowncoin/------------------------*************-------------------------IN CROWN WE TRUSTstill no Filipino translation on the OP, i can translate this in Filipino if you want.
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stonehedge
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October 13, 2016, 02:59:20 PM |
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We absolutely have thought of services for the Crowncoin network, the current lead dev has the killer app but he holds his cards close to his chest (understandable). I assure you Crowncoin will not be 'just another DASH clone' for long. We have a real passion for the plans and ideas we have and think Crowncoin can benefit all Crypto currencies. VPS - OVH or contact CHAOSiTEC... However you'd be doing crowncoin a fever if you could find another provider (decentralisation  ) OVH = $3.50 Chaositec = $2.60 The Hive appreciates your help. What does a .conf file look like when there are multiple thrones? Do we have to make a brand new .conf file or is there a way to append new thrones into the existing .conf file. The Hive is grateful for your assistance in building its Throne room. ~ The Hive ~ Here is a sample of a Throne.conf (Throneprivkeys changed). In theory you can just append new thrones into existing throne.conf however there is a bug with start-many that means that if any of the thrones in your conf are already active, the new one's won't start. This will be fixed in the next release. The work around is to back up your throne.conf and then temporarily remove the ones that are already running. Once the new ones have started, you can merge your backed up throne.conf and the new one. Annoying but will be temporary. Throne1 158.69.66.58:9340 5JKSn3YoUazqFsjPUMzqhH3R6sMqo4Xvpbp 0304566d46efd2be4056ffce7557eb1827414ae3eda4fbe001f713ef31e780df 1 Throne2 158.69.88.76:9340 5JxPceUF5U6ygJUg4mjuFAhTKb71XWpUhX8B9J12V 0461a3f6ebf0e213a1a223f22a9dcf8ac024bb7e8e5d770ff15c5f07058e68bb 0 Throne3 158.69.88.80:9340 5K742koAadfMhLUaBS9TpxEhHq1Wp8CnRNZoB1q9 0cd69ee9ba21624902aee15dcbcbca757e1e0a939ef97b578dbe860fc3eaaa3c 0 Throne4 158.69.89.107:9340 5JWSP3emq2RD92p9wQdBLgS1YYxPWj3xAtwBodA 12b0f448213abcad94a0b2d76bcfea4675cbd542b97803aa840afaf9942500ec 0 Throne5 158.69.89.0:9340 5KP6uvWQktjNC3TxqFQHqboJFYadK7XJVteNMq1MuA 13b8fac7f8d471a9da5d6ee2aaa7a321acb85ec973e686474acac3e2e860c43a 0 I am curious about how frequently the thrones payout to their respective wallets? Additionally, has anyone else had to run swapfile to supplement their virtual memory? Lastly, I might be able to trouble shoot this, but utilizing the my throne section requires that you start the address there? Or can I populate the requisite information manually? Thank you for any insight I find that I need a swap file when compiling on a VPS with less than 1GB of RAM. In theory you don't need to make the swap file persistent to run Crowncoind but I make it persistent to make it easier to compile updates later on. These are the commands I use for a 1GB swap on Debian and Ubuntu... sudo mkdir -p /var/cache/swap/ sudo dd if=/dev/zero of=/var/cache/swap/myswap bs=1M count=1024 sudo mkswap /var/cache/swap/myswap sudo swapon /var/cache/swap/myswap
Then you need to insert a line into fstab to make sure the new swap file persists after reboot: sudo nano /etc/fstab
Paste this line in: /var/cache/swap/myswap none swap sw 0 0
CTRL+o to write file
CTRL+x to exit nano
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TheHiveMind
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October 13, 2016, 03:24:12 PM |
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Here is a sample of a Throne.conf (Throneprivkeys changed). In theory you can just append new thrones into existing throne.conf however there is a bug with start-many that means that if any of the thrones in your conf are already active, the new one's won't start. This will be fixed in the next release. The work around is to back up your throne.conf and then temporarily remove the ones that are already running. Once the new ones have started, you can merge your backed up throne.conf and the new one. Annoying but will be temporary. Throne1 158.69.66.58:9340 5JKSn3YoUazqFsjPUMzqhH3R6sMqo4Xvpbp 0304566d46efd2be4056ffce7557eb1827414ae3eda4fbe001f713ef31e780df 1 Throne2 158.69.88.76:9340 5JxPceUF5U6ygJUg4mjuFAhTKb71XWpUhX8B9J12V 0461a3f6ebf0e213a1a223f22a9dcf8ac024bb7e8e5d770ff15c5f07058e68bb 0 Throne3 158.69.88.80:9340 5K742koAadfMhLUaBS9TpxEhHq1Wp8CnRNZoB1q9 0cd69ee9ba21624902aee15dcbcbca757e1e0a939ef97b578dbe860fc3eaaa3c 0 Throne4 158.69.89.107:9340 5JWSP3emq2RD92p9wQdBLgS1YYxPWj3xAtwBodA 12b0f448213abcad94a0b2d76bcfea4675cbd542b97803aa840afaf9942500ec 0 Throne5 158.69.89.0:9340 5KP6uvWQktjNC3TxqFQHqboJFYadK7XJVteNMq1MuA 13b8fac7f8d471a9da5d6ee2aaa7a321acb85ec973e686474acac3e2e860c43a 0 We thank your people. The Hive has only one more question, hopefully. Does The Hive keep the crowncoin.conf and update "thrones=1" to "thrones=n"? Where n= number of total thrones? Or do we keep "thrones=1" written in crowncoin.conf and merely add in a throne.conf file to the Crowncoinfile with respective IP addresses, private keys.... The Hive's Throne Room will soon manifest. Cordially, ~ The Hive ~
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stonehedge
Legendary
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October 13, 2016, 03:35:57 PM |
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Here is a sample of a Throne.conf (Throneprivkeys changed). In theory you can just append new thrones into existing throne.conf however there is a bug with start-many that means that if any of the thrones in your conf are already active, the new one's won't start. This will be fixed in the next release. The work around is to back up your throne.conf and then temporarily remove the ones that are already running. Once the new ones have started, you can merge your backed up throne.conf and the new one. Annoying but will be temporary. Throne1 158.69.66.58:9340 5JKSn3YoUazqFsjPUMzqhH3R6sMqo4Xvpbp 0304566d46efd2be4056ffce7557eb1827414ae3eda4fbe001f713ef31e780df 1 Throne2 158.69.88.76:9340 5JxPceUF5U6ygJUg4mjuFAhTKb71XWpUhX8B9J12V 0461a3f6ebf0e213a1a223f22a9dcf8ac024bb7e8e5d770ff15c5f07058e68bb 0 Throne3 158.69.88.80:9340 5K742koAadfMhLUaBS9TpxEhHq1Wp8CnRNZoB1q9 0cd69ee9ba21624902aee15dcbcbca757e1e0a939ef97b578dbe860fc3eaaa3c 0 Throne4 158.69.89.107:9340 5JWSP3emq2RD92p9wQdBLgS1YYxPWj3xAtwBodA 12b0f448213abcad94a0b2d76bcfea4675cbd542b97803aa840afaf9942500ec 0 Throne5 158.69.89.0:9340 5KP6uvWQktjNC3TxqFQHqboJFYadK7XJVteNMq1MuA 13b8fac7f8d471a9da5d6ee2aaa7a321acb85ec973e686474acac3e2e860c43a 0 We thank your people. The Hive has only one more question, hopefully. Does The Hive keep the crowncoin.conf and update "thrones=1" to "thrones=n"? Where n= number of total thrones? Or do we keep "thrones=1" written in crowncoin.conf and merely add in a throne.conf file to the Crowncoinfile with respective IP addresses, private keys.... The Hive's Throne Room will soon manifest. Cordially, ~ The Hive ~ Keep Crowncoin.conf. That is still used to specify wallet settings. As you suggest, keep throne=1 in crowncoin.conf and add extra entries in throne.conf. Throne=1 simply tells the wallet that it is controlling however many thrones are in throne.conf.
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