Topic: ★★ [ANN] ECCoin (ECC) ★★★ ECCoin - Green Future FORK FIXED UPGRADE NEEDED - page 160. (Read 342482 times)

Good you write because i missed you to inform, you need to upgrade as well.

You are quickly turning into my favorite dev 

I just completed my list and all active pools and exchanges about upgrade informed.
Go baby go :-)

ECC 1.3
source at github also updated this is a mandatory upgrade
(1) latest checkpoints
(2) will completely stop the PoW after the PoW distribution period is done (45 days), after that period, ECC will be a pure PoS coin

source:
https://github.com/eccoin/eccoin

Windows Client Download (Version 1.3 3 April-Update)
http://eccoin.cc/ECCoin13.zip

This is a very timely update! I think all who read the forum, understand this...

Thanks for the super-developer activity!

We need our mac wallet upgrade to 1.3

I think these informations could be inside the website. That s important everyone should understand about step-by-step about this specific situation. in particular to all people that doesn t know cryptocurrencies very well, and need to know how this is gonna happen!

ECC 1.3
source at github also updated
this is a mandatory upgrade
(1) latest checkpoints
(2) will completely stop the PoW after the PoW distribution period is done (45 days), after that period, ECC will be a pure PoS coin

Nice coin, I like all the activities, so many videos in OP, wow

Thank you!

Answers was good. Also you don't have to open wallet and keep during 42 days online, but open & close within 42 days periods to see some minting. You can lock your wallet and time to time unlock it to see some minting coins generated.

Thanks i put top area our website, FB and twitter.

Nice.

No it s not me, we're still on initial level of multi-pool. I'll let you, all, know when we get to API exchange level. You all have to understand, ECC is designed for 42 days hold. Mining period, dumper season, will end soon.

I read the paper written behind the guy who created Peercoin. I can't say I completely understood it. I also don't know what might be different in this coin.

Anyway, the reason for pretending that coin ages are zero until they are past some limit (like 30 or 42 days) is to allow checkpointing. There will be a checkpoint newer than that so all transactions that put the 42 day-old coins into your wallet can no longer be questioned.

Keep in mind that when you mint, all coins used are transferred back to yourself, so they become brand new again. You will have to wait another 42 days before those coins can be used to mint again.

What I don't understand at all is that the paper described hashing against a target that is set by coindays. I have no idea what that's about or if that's in the coin now.

Again, what I'm saying is based on what I think is true for Peercoin. I might be wrong about that, and it might not apply to ECC.

Unfortunately, we never have been told how minting actually works with ECC. There is a FAQ in the OP, but it says very little and links to Wikipedia, which says even less.  

Very very nice, This is most interesting this concept, will be setting up auto sell in the near future once a few more peeps are logging in, keep up the good work!

The coin age is based on date it was last moved or minted.

If you want to manage coins only for minting and for spending, you need a separate wallet for each (from different OS or PC)

No, from what i understood (i just mined with sha256 the shacoin just for testing purposes) when its locked... the wallet is not "mining" (in the POS state i mean)
actually the coins from POS are called "minted" not mined... and the wallet shows them as POFmined... and after some confirmations they end up verified...

My problem and inquiry is that i do not understand.. when the coins "mature" or "age" in our example here in 42 days...
how can i manage how many i want in "stake" position and how many on the "normal" position... i mean for the over 42 ones...
Cause when they are in "stake" you cannot use them...

And i dont know how the "minting" works... for example i had 50000shacoins... the last 2 days they gave me nothing... 3 days before... i had almost 250 "minted"
and then all the coins after that went to "normal".

So here, i am on the third day of normal coins and no "minted" (POS) so far...nothing on "stake" for the last 3 days..
and i dont know who decides that... cause all of my coins are "aged-matured" I think we wait and see what happens here...
42 days is a lot i think...The last month there have been so many changes in cryptoworld.. not changes...wrong word... failures i wanted to say..

with the current trend of falling...if we reach 0.001 per mhas... most of the people will stop mining...cause trully the electricity doesnt worth it..
btc is falling... although its our fault... CHINa doesnt want it? WHO CARES???

America and Europe cannot make the "change" and china makes it the second time in almost two months?China bank doenst sends money to exchanges?
there are tons of ways to use or send money to someone and then to an exchange...with not even the government of china noticing it..
Its as if they are playing us.
We should be ashamed.. Cause if greed, panic, and stupidity was absent only for a day...the cryptos would be like it was on december...

Its not fun anymore...just stress and negative numbers..

I have all my wallets encrypted ... so then I can use the button to unlock, ok.
Man it's a bit confusing sorry, but I want to have it wrapped up completly, nothing half/half
It's also a bit annoying, when I restart I have it auto locked again, does this mean my 42 day's start over ?
Sorry again, cause I prolly sound like a moron, but like said I wanna know 100%.