[ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs - page 72.

The_Prof

sr. member

Activity: 345

Merit: 250

Quote from: not.you on June 25, 2017, 08:01:24 PM

I know other coins have switched algos before but I guess I am little confused here. Why are we switching chains? It sounds like the devs have a bunch of coins on the x11 chain and they are going to swap those for coins on the quark chain but that begs the question, how many coins do the devs have on the x11 chain and why do they have them at all? This whole thing seems to imply a private x11 chain that only the devs have access to where coins are being generated in secret. Historically that does not go down well in the crypto world. What am I missing about this swap deal?

All coins that were on the quark chain will be swapped 1 for 1. The X11 chain is a whole new blockchain with a premine to cover everyones coins. The coins not swapped will be burned. So currently all the coins on Bittrex and Mymue are being counted and swapped. From there the chain will go public for all to mine and to start personal masternodes etc.

The team are doing this as openly as possible and as always the block explorer will show people everything as well and you will be able to see that nothing is being hidden.

The_Prof

sr. member

Activity: 345

Merit: 250

Quote from: IMJim on June 25, 2017, 07:02:38 PM

Dang, I just got notification of this swap a few hours ago. Weird but it looks like the post from cryptocurrencytalk posted after the swap was over or something. Wallet's still 21 weeks behind to send coins anyhow lol.

What will be the process for those of us clowns that missed all the fun here?

That was my bad, I only thought about CCT at the last minute... Very last minute so my apologies. All coins will be swapped on a 1 to 1 basis. The coins not on Bittrex or Mymue will be swapped individually at a later stage. There is going to be 2 months or so for people to swap coins in the hope that everyone gets changed over. The rest will be burned.

not.you

legendary

Activity: 1726

Merit: 1018

I know other coins have switched algos before but I guess I am little confused here. Why are we switching chains? It sounds like the devs have a bunch of coins on the x11 chain and they are going to swap those for coins on the quark chain but that begs the question, how many coins do the devs have on the x11 chain and why do they have them at all? This whole thing seems to imply a private x11 chain that only the devs have access to where coins are being generated in secret. Historically that does not go down well in the crypto world. What am I missing about this swap deal?

igotek

hero member

Activity: 2170

Merit: 612

Online Security & Investment Corporation

https://pool.weminemue.com/site/mining

is this the new pool for X11 ?

I cannot see port number for X11 mining. I will set my baikal cube to X11 mining. No matter it is test mining. I dont want to miss to be the first miners on X11 algos.

IMJim

legendary

Activity: 1260

Merit: 1000

Dang, I just got notification of this swap a few hours ago. Weird but it looks like the post from cryptocurrencytalk posted after the swap was over or something. Wallet's still 21 weeks behind to send coins anyhow lol.

What will be the process for those of us clowns that missed all the fun here?

bizzyb

legendary

Activity: 1652

Merit: 1001

Don't look at my signature!

@channel Hi all, go live update.

To ensure a totally fair launch and that all MUE holders have the same options available to them as each other, we will be making all services 100% active tomorrow (time TBA)

This includes pools, explorer, MyMUE, walles etc etc
The auditing & reconciliation of code & accounts at Bittrex is a mammoth task, and we 100% do not want to limit the options and services available to those with MUE held in Bittrex whilst those critical checks are carried out.

As soon as Me, U & Everyone have the same access to their MUE as each other, then we all board the train together, as a community

This is only day 1 of a long journey together, so look forward to the trip, its going to be one hell of a ride.

B & the rest of the MUE team

crackfoo

legendary

Activity: 3556

Merit: 1126

Quote from: bney on June 25, 2017, 12:14:30 PM

So, the question is will the existing pools be swapped over during this time or will we be looking for new pools. I used to operate altcoinpool.us, I can put up a new X11 MUE pool as soon as the blockchain code is available if it makes sense to do so.

Yes, as soon as the code is released we'll do the required changes and put MUE on the X11 port.

Cheers

igotek

hero member

Activity: 2170

Merit: 612

Online Security & Investment Corporation

Quote from: bizzyb on June 25, 2017, 02:13:41 PM

Quote from: bitfawkes on June 25, 2017, 02:11:35 PM

is mue x11 ready?

Hi, technically "yes" but we are just waiting to hear from Bittrex how much MUE X11 we are to send them.
Once that is done, we are pretty much good to go and will release wallets and code and open pools and services.
Not long now!

i m looking forward to seeing the new algo MUE

MUE is a bomb Wink

its price will go upper and upper.

First, stop the mining. Because bittrex gets MUE constantly from mining pools.

And how about the diffuculty after the imgration to X11

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: Fantum on June 25, 2017, 12:12:51 PM

Coin swaps always confuse me a little. Are you supposed to sell your old mue after the swap. I would assume the old mue coin will be gone off bittrex, replaced by the new one. Seems strange people are dumping mue right now just as the swap is happening, do they not know about it, or traders just bought low knowing people would be buying it up for the swap, now dumping while it's high? Anyone with swap experience can comment on this?

Yes, MUE seems to be trading continuously on Bittrex... so it must effectively be the X11 token.
Tokens don't need to be "replaced".... they are just mapped to a new blockchain... and new ones are mined with a different algo.

Please correct me if I'm wrong.

amarian12

hero member

Activity: 619

Merit: 501

https://www.massict.com/

i need the code for the wallet to upgrade our pool from quark to X11, can you please share it in github?

kurbeks

sr. member

Activity: 1078

Merit: 255

Quote from: mellorbo666 on June 25, 2017, 02:59:44 PM

Quote from: bitfawkes on June 25, 2017, 02:19:52 PM

I'm tuning... let me know!

do you know what i would get on a 1070?

Nothing. you should mine ETH with that or ZEC

mellorbo666

member

Activity: 63

Merit: 10

Quote from: bitfawkes on June 25, 2017, 02:19:52 PM

I'm tuning... let me know!

do you know what i would get on a 1070?

bitfawkes

sr. member

Activity: 336

Merit: 250

Would you be willing to buy a sealed bonnet car?

I'm tuning... let me know!

bizzyb

legendary

Activity: 1652

Merit: 1001

Don't look at my signature!

Quote from: bitfawkes on June 25, 2017, 02:11:35 PM

is mue x11 ready?

Hi, technically "yes" but we are just waiting to hear from Bittrex how much MUE X11 we are to send them.
Once that is done, we are pretty much good to go and will release wallets and code and open pools and services.
Not long now!

bitfawkes

sr. member

Activity: 336

Merit: 250

Would you be willing to buy a sealed bonnet car?

is mue x11 ready?

Dirgantara

hero member

Activity: 588

Merit: 500

Quote from: bizzyb on June 25, 2017, 12:03:41 PM

@channel So give us a while now please guys - we have to now bring up all the new network backbone, audit some balances, reconcile with Bittrex their coin swap balances, reconcile the mymue balances etc etc so, please be patient...we haven't slept for days and are operating on caffeine, faith & monster energy drink lol - we're working as fast as we can - watch this space

Sounds like a hell of job on the weekend Cheesy

Thank you man, really appreciated what you and your team has done for MUE. I'm proud to be one of MUE supporter. Keep up the good works and don't forget to take a rest.

mellorbo666

member

Activity: 63

Merit: 10

Quote from: bizzyb on June 25, 2017, 12:03:41 PM

@channel So give us a while now please guys - we have to now bring up all the new network backbone, audit some balances, reconcile with Bittrex their coin swap balances, reconcile the mymue balances etc etc so, please be patient...we haven't slept for days and are operating on caffeine, faith & monster energy drink lol - we're working as fast as we can - watch this space

appreciate the update.

bney

full member

Activity: 333

Merit: 100

So, the question is will the existing pools be swapped over during this time or will we be looking for new pools. I used to operate altcoinpool.us, I can put up a new X11 MUE pool as soon as the blockchain code is available if it makes sense to do so.

Fantum

sr. member

Activity: 420

Merit: 250

Coin swaps always confuse me a little. Are you supposed to sell your old mue after the swap. I would assume the old mue coin will be gone off bittrex, replaced by the new one. Seems strange people are dumping mue right now just as the swap is happening, do they not know about it, or traders just bought low knowing people would be buying it up for the swap, now dumping while it's high? Anyone with swap experience can comment on this?

01Fedda

sr. member

Activity: 429

Merit: 250

Your friendly neighborhood Crypter.

Quote from: bizzyb on June 25, 2017, 12:03:41 PM

@channel So give us a while now please guys - we have to now bring up all the new network backbone, audit some balances, reconcile with Bittrex their coin swap balances, reconcile the mymue balances etc etc so, please be patient...we haven't slept for days and are operating on caffeine, faith & monster energy drink lol - we're working as fast as we can - watch this space

Just wanted to say thanks and we appreciate what you guys are doing. Excellent work guys!!! Wink

Topic: [ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs - page 72. (Read 450717 times)