Topic: [ANN] ⚡ CUTcoin ⚡ Privacy above all ⚡ CryptoNight PoS ⚡ Giveaway race - page 5. (Read 26385 times)

Hello, sure soon we'll share updates

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Hello, yes you're quite right. Thank you!

Any plans for new exchanges?

An article about CutCoin on cryptocurrencyguide.

https://www.cryptocurrencyguide.org/cutcoin-anonymous-cryptocurrency-based-on-pos-consensus/

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If I understand correctly
Smaller the Amount you stake, lesser the probability you will find a block in a short time.
One will get rewards anyway but if one doesn't stake for long enough time, he/she will not find a block and no block means no rewards. Opposite to this, if one stake a smaller amount for a longer time there is more probability to find a block in a long time.

Two ways to make it happen ( in both case probability to find a block is more),
1: Stake smaller amount for a longer time
2: The Larger amount for short time

Remember this is like SOLO mining, the larger hash rate more the probability to find a block alone.

The calculation is for staking 1000 CUT

Minting POS block within   1 day     3 days              7 days        31 days             90 days              1 year   
Probability (%)                    1.54                4.55               10.30             38.22               75.29              99.63   
Reward                         4.55 CUT    13.63 CUT    31.71 CUT   138.15 CUT   385.38 CUT   1292.92 CUT

In the table above, it says person staking 1000 cut will earn 4.55 coins a day but Cut coin block reward is 300 coins/block. This means one has to wait for almost 66 days to get a full block reward.

This is the reason for many people complains that they have not got any rewards even after staking for days ( this may happen due to low staking amount)
 

Well, yes. But it depends on a staking amount and staking time frame. 

probability of roi is just a probability

Are you interested in marketing services? We can help boost your CUTCOIN

Welcome!

Thnkx 

Hello, and thank you

Well, let check it together
You'll receive +138 coins with probability 38.23%
(The probability indicates estimate chances for this amount of coins to earn any PoS rewards in the given timeframe and not chances of earning exactly the expected amount.)
Better way to stake for a 90 days more and get 385.54 CUT more with higher probability. Or stake more. That're my recommendations not more.
 
You can calculate here

Could you clarify sir — in case I am getting 1000 CUT to stake, my ROI in CUT will be 14% (138 CUT) within one month, correct?

Hello, and thank you!
Certainly we have huge plans. You can check our roadmap here cutcoin.org. You're welcome!

Hi, I just wonder — do you have any particular timeline of new features/releases for the coming weeks, months?

Here you could possibly find old information about predicted coin emission schedule. Now, after successful 52 000 Hadr Fork, it's time to update and renovate emission parameters. Whatever there is no place for worries the Total Supply and other important parameters didn't change. So, let's check what exactly had changed.
 After Public release Dec 24th we chose to start with PoW consensus with the switch to PoS. Proof-of-Stake (PoS) was chosen as man consensus 'cause of it's a modern and technically advanced mechanism. With PoS, in the usual sense, "miners" are replaced by validators that support the operability of the network, and the coin mining process itself becomes virtual. PoS is a type of algorithm based on the proof of ownership of a share: checking the truth of a node's transaction by choosing which one has a greater share of coins. March 7th we made Hark Fork as promised.
During PoW period 18506410.5457656292 CUT coins were mined, as it was mentioned we planned to mined only 15 000 000 CUT coins.

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Hello! We created official subreddit https://www.reddit.com/r/CUTcoin/ Follow us!

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Hello,
we released a new version of the CUTcoin.org main page!!!
Check it and ask us!
Also, you can use POS calculator

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We came back with news
CUT coin project is listed at

Coin Gecko
https://www.coingecko.com/en/coins/cutcoin

CoinCodex
https://coincodex.com/crypto/cutcoin/

You can check our price index, volumes and more info there.
Small news for you guys before big updates.

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Hello community, we’ve got an impressing achievement.
CUTcoin Dev team fling themselves into GUI wallet implementation. During developing we faced with some issues but fixed them.
And we’re happy to release a fully functional beta version of it for both Win 64x and Lin 64x. The version adopted for 32x coming soon.

New wallet has a full set of features you could ever need for staking.
There are no needs to write difficult commands. From now simply click on ’Start staking now’ button will start staking process with all comforts. Also, you can create new wallets, launch with seed words existing wallets and transfer coins.

We’re looking forward to receiving any feedback from you guys ( at CUTcoin chat room @CUTCOINTALK )
https://github.com/cutcoin/cutcoin-wallet/releases/tag/2.0

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 New CLI wallet version is available now!

Features added:
1/ Status:
  - You are staking XXX CUT now.
  - Waiting for the stake to mature, will start staking in approximately XX hours and XX minutes.
2/ Unspent outputs amount for staking ( 800 blocks);
3/ Total CUT coins amount;
4/ Current blockchain height;
5/ Difficulty;
6/ Statistics:
- Reward found in 24/ 48 hours.
- Next block expected time.
- Average income per 24 hours/ week.
- Lucky change for next block (probability percent).

Download here
https://github.com/cutcoin/cutcoin/releases/tag/v2.0.2

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Hello,
Yes, we’re alive. Our POS CryptoNight implementation shows itself like working and somehow prosperous, nevertheless, we never did ico or shout to of loud about ourselves.
However, you can check and join our community here
https://t.me/cutcointalk
https://discord.gg/UNNzf3J

Goals and plans
* Second exchange
Difficulty in this task is at first to find a not-fake volume exchange. Second, not all of exchanges are working with Monero family coins.

* Staking Pool
We discussed this idea at telegram chat with the community. I think I’ll post more details about it here

* Mobile app
* Some activities are coming for BTT community and for other communities, we need strong support for positive trend at STEX exchange.

You can check roadmap here  https://cutcoin.org/

Also, we have some future goals, will post them later.

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UPD
all information mentioned at startpost.

Staking Guide | How to run wallet | Testnet Faucet

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UPD
New subreddit registered. Some persons banned us after Exchange listing news. Sad to spamers, but we're not.

Very active team , has done everything that has promised so far . Gui wallet on his way. Buy while you can at https://app.stex.com/en/trade/pair/BTC/CUT/1D Very limited supply. Stake at wallet with simple commands.

discord server https://discord.gg/Gcar6ra

Hello, thank you for questions.
After each block, each unspent output in each staking wallet computes it's time to mine a block. It does so by calculating a hash of the last PoS hash concatenated with the unspent output's key image. The lower the numeric hash value and the output monetary amount - the sooner it will be allowed to forge a block. Eventually, the time advances to the allowed time of some of the outputs and it's wallet forges a block and broadcasts it to the network.

The chance to forge a new block is therefore proportional to the total amount of coins in the wallet.

Our implementation is very close to the one described here:

However, instead of rolling the timestamp every 16 seconds and re-checking (as described above), each output has a "target time" at which it will be allowed to forge a block, quite similar to what NXT has:
https://nxtwiki.org/wiki/Whitepaper:Nxt#The_Forging_Algorithm

By using the key image of an output, which is generally secret before the output is spent, to generate the hash we effectively address Vitalik's concerns about predictability of PoS blockchains, raised here:
https://vitalik.ca/files/randomness.html

These all sound like great features.
Will you elaborate more on how a stake is selected for a block?
If I stake 10 coins vs 1000. Do they have equal chance for a block?
Does the stake need to be greater than the transaction amount? (IE a 10 coin stake wouldn't support a 15 coin transaction but 100coin stake would?)
Thanks.

Thank you again! Of cause I'll say thank you, and will be thankful.
Soon, I suppose, we will run the Bounty campaign related to CUTcoin PoS.

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Hello Miners! ⛏ Take a look at this guide ⬇️ There you'll find required information to start PoS  https://www.reddit.com/user/CUTcoin/comments/aumb8b/cutcoins_proof_of_stake_implementation/

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☀️☀️ You asked we did it. You're welcome there https://discord.gg/mDqMc53 Join us

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As of now just 30 blocks or roughly one hour to go until the fork. Be prepared to stop your miners and start staking.

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❗️ Hello miners! Please stop mining  and start staking. If you have no idea how to do that check manual here https://www.reddit.com/user/CUTcoin/comments/aumb8b/cutcoins_proof_of_stake_implementation/

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Staking Guide | How to run wallet

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Hello!

Few days past after PoS
And we created community at discord
https://discord.gg/UNNzf3J

Welcome to join us! 

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Simple steps to start CUTcoin staking


1. Create your personal wallet. The official command line wallet is 'cutcoin-wallet-cli'.

To create the wallet:


1.1. Download source code and build CUT coin daemon and wallet (for Linux) or just download executables (for Windows) from here https://github.com/cutcoin/cutcoin/releases/tag/v2.0.1 Follow README.md instructions.[/i]

1.2. Run Cutcoin daemon, for example:

./cutcoind --data-dir ./

1.3. Wait till the daemon is cynchronized. You sould see the message: 'You are now synchronized with the network. You may now start cutcoin-wallet-cli.'

1.4. Generate a new wallet. Run

./cutcoin-wallet-cli

and follow the instructions. Don't forget to save your wallet file in a safe place.



2. Get your CUT coins. Ask your friend to share some coins with you or buy on the market: https://app.stex.com/en/trade/pair/BTC/CUT/1D

When withdrawing the coins from the exchange specify the wallet address that you just created.



3. Wait for 800 blocks (approx 12 hours). Now you can put your coins on the stake. Run 'start-staking' command in the wallet.

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Hello, as we promised now we’re working under GUI wallet version.
 Graphic easy to use and so-so wallet.

Current features list to add:
1/ Status:
  - You are staking XXX CUT now.
  - Waiting for the stake to mature, will start staking in approximately XX hours and XX minutes.
  - Last block time is too far in the past, you are likely disconnected from the network, please check your daemon.
2/ Unspent outputs amount for staking ( 800 blocks);
3/ Total CUT coins amount;
4/ Current blockchain height;
5/ Difficulty;
6/ Statistics:
- Reward found in 24/ 48 hours.
- Next block expected time.
- Average income per 24 hours/ week.
- Lucky change for next block (probability percent).

We would like to hear your opinion about features you think we need to add. And promise we’ll boogie on it.
Waiting to read feedback. You're welcome to discuss with us at Telegram chat or at Discord community. Thank you!

I posted to Bit.tube so if someone watches I will make a small amount of Tube and so will they.
If you want to post on another platform feel free to do so. You do not need to worry about giving credit if you can't.
I only made these other two videos because you thanked me for the first one.
If you would like me to make another about something specific I can do so too.

I am not going to delete it, but we're only interested in CoinMarketCap top 100 exchanges for our community. Not less. for you good luck

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Hello, you're welcome here
https://t.me/cutcointalk 

Channel is only for important news. 

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Hello,
for now you can only try this on testnet. After the fork it will also work on mainnet.

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Hello!!! Thank you! how to mention your credits?

How to Make a Transfer with the Cutcoin Wallet Ubuntu

https://bit.tube/play?hash=QmYN6hWhUQeeDTBupnCiAuuBQ8j9vBaUDGt9GVM1MtrcSX&channel=121483&for=cutcoin&isyt=false


How To Restore The Cutcoin (CUT) Wallet using the client wallet in Ubuntu.

https://bit.tube/play?hash=QmRNcwBpaUwRx8otdixeQhxjeN7ZQ4URH7xeju8CDaXTMq&channel=121483&for=cutcoin&isyt=false

This video may also be helpful for those who created a paper wallet and now wish to view their coins or want to send their coins to another person or exchange.

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You should be using start_staking if you are attempting to stake on the test net.
If you are trying to mine on the main net or test net you are only able to mine from one wallet at a time.