Darn, why is the value of NET in free fall? Tons of people dumping the coins, but why?
Topic: (ANN) Netcoin has gone POS! With PIR & OWI - page 30. (Read 142149 times)
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You can now use netcoin to play here https://bitcointalksearch.org/topic/ann-1-player-edge-games-the-golden-egg-sponsored-by-worldaidcoin-1201700
0% house edge till wednesday with the party egg game!
Enjoy
0% house edge till wednesday with the party egg game!
Enjoy
NET has won this weeks vote on Cryptopia.
It will now be listed there for trading.
It will now be listed there for trading.
It will be on Poloniex in the future??
Netcoin is now listed at cryptopia. Go show some love!
https://www.cryptopia.co.nz/Exchange
NET has won this weeks vote on Cryptopia.
It will now be listed there for trading.
It will now be listed there for trading.
Netcoin is now listed at cryptopia. Go show some love!
https://www.cryptopia.co.nz/Exchange
NET has won this weeks vote on Cryptopia.
It will now be listed there for trading.
It will now be listed there for trading.
Hi there.
Is there any ongoing fork or sync trouble with NET? My wallet stopped syncing on block 765989 and even if I delete the blockchain and try to resync from scratch, it stops at the same point...
Is there any ongoing fork or sync trouble with NET? My wallet stopped syncing on block 765989 and even if I delete the blockchain and try to resync from scratch, it stops at the same point...
Just to give a follow-up, I solved the problem deleting completely the blockchain files and having the wallet syncing from block 0
My first attempt to solve the problem using my blk0001.dat file as a bootstrap didn't work...
this coin will continue running no matter what people like the staking
Nope, Everything is working fine for me..
Hi there.
Is there any ongoing fork or sync trouble with NET? My wallet stopped syncing on block 765989 and even if I delete the blockchain and try to resync from scratch, it stops at the same point...
Is there any ongoing fork or sync trouble with NET? My wallet stopped syncing on block 765989 and even if I delete the blockchain and try to resync from scratch, it stops at the same point...
full member
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What's the max netcoin/supply cap? Is there any? I haven't found a conclusive answer besides 384 million coins but since POS is obviously varied, I would like to know, thanks.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
There is no upper limit. release is controlled through staking and amounts unspent for those periods. that said this december pir will halve. so if there are 500 million coins then if all were untouched and staked one could expect approx 180 million coins new for the next year.
it sounds high but if you look at it in this way with 474 million coins out only 474 people can own a million each.
big changes soon. new wallet, new sites, funded projects and services to release. got an idea/skills? put it to the foundation and get funded in netcoin to deliver. these funds come from big net owners that bought coins on exchanges that out of their own pockets want to further netcoin. get building!!!
Ah ok, great, thanks.
I'm just a user/investor, so I hope the sites and services that come out will be nice.
"just" a user/investor: Those in NET we consider are more than "just"
As o0o0 said, there is a lot in the works, and soon we'll be showing it. Don't have a definitive timeline on the new sites yet (we're locking everything down, private servers, security, etc). But, hang tight, as we begin to announce what we're working on
Glad to have you as part of the community!
What's the max netcoin/supply cap? Is there any? I haven't found a conclusive answer besides 384 million coins but since POS is obviously varied, I would like to know, thanks.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
There is no upper limit. release is controlled through staking and amounts unspent for those periods. that said this december pir will halve. so if there are 500 million coins then if all were untouched and staked one could expect approx 180 million coins new for the next year.
it sounds high but if you look at it in this way with 474 million coins out only 474 people can own a million each.
big changes soon. new wallet, new sites, funded projects and services to release. got an idea/skills? put it to the foundation and get funded in netcoin to deliver. these funds come from big net owners that bought coins on exchanges that out of their own pockets want to further netcoin. get building!!!
do you know how long that will be??
It's currently down. We're pulling together a new website / function (including new - dedicated web developers). Sorry for the inconvenience...but hang tight Good things ahead!
Whats up with the Webpage???
It's currently down. We're pulling together a new website / function (including new - dedicated web developers). Sorry for the inconvenience...but hang tight
Good things ahead!
What's the max netcoin/supply cap? Is there any? I haven't found a conclusive answer besides 384 million coins but since POS is obviously varied, I would like to know, thanks.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
Edit, my wallet synced and shows 481 million + netcoins created so obviously 384 million is not hte right number.
You'll be amazed at how capable craptsy's servers are at generating PoS rewards (using the client's deposits).
Its as if they are creating money out of thin air...
full member
Activity: 194
Merit: 100
Promoting Independence and Personal Responsibility
Whats up with the Webpage???
It's currently down. We're pulling together a new website / function (including new - dedicated web developers). Sorry for the inconvenience...but hang tight
Good things ahead! full member
Activity: 194
Merit: 100
Promoting Independence and Personal Responsibility
The main market is cryptsy? I am asking because the volume there is very very low like around 0.5btc per day
Yup. Main market is currently Cryptsy. Volume has quieted recently, but that's ok. It ebbs and flows (last months we were in the 2-5btc ranges).
Whats up with the Webpage???
The main market is cryptsy? I am asking because the volume there is very very low like around 0.5btc per day
full member
Activity: 194
Merit: 100
Promoting Independence and Personal Responsibility
Tripjammer: So did the rules change? Is it still 80 percent if you have 1 million NET?
- Rules / rewards have not changed. It is still currently at 80% if you hold at least 1million net (and will remain at that level through December)
bitbabba:
Hi folks
my pir calculator said that with 10 000 000 net I get 100% interest in 1 year, but I've read somewere that since august 2015 the interest would have been cut to 45%.
Am I right or is it still 100% , if so it's going to be cut in the future?
The change in reward is based on when a certain block hits. When it was implemented, we extrapolated based on expected block time, and how long it would take to hit that block (originally estimated August 2015). However, the year 2 changeover will be later than expected due to a few months of slow blocks due to a bug in the staking diff function that has since been fixed and released.
So, the change to 45% won't occur till December (expected).
The main thread has been updated (here are the new expected changes in a visual form).
- Rules / rewards have not changed. It is still currently at 80% if you hold at least 1million net (and will remain at that level through December)
bitbabba:
Hi folks
my pir calculator said that with 10 000 000 net I get 100% interest in 1 year, but I've read somewere that since august 2015 the interest would have been cut to 45%.
Am I right or is it still 100% , if so it's going to be cut in the future?
The change in reward is based on when a certain block hits. When it was implemented, we extrapolated based on expected block time, and how long it would take to hit that block (originally estimated August 2015). However, the year 2 changeover will be later than expected due to a few months of slow blocks due to a bug in the staking diff function that has since been fixed and released.
So, the change to 45% won't occur till December (expected).
The main thread has been updated (here are the new expected changes in a visual form).
Hey Guys,
Snappy here subbing in: So, we ran some calculations on the PIR change, and it appears the date of change will be later this year (not the end of this month).
Here's why:
The PIR phase (i.e. which 'year' applies) is based on the block height.
It assumes a rate of 1 block per minute for a year (365*24*60 = 525,600 blocks between rate changes)
Phase 1 start block height 420,000 (when POS started)
Phase 2 start block height 945,600
Phase 3 start block height 1,471,200
The year 2 changeover will be later than expected due to a few months of very...and we mean very slow blocks due to a bug in the staking diff function that has since been fixed and released (these were the updates a while back).
Some Recent block height samples (approx a week apart) that we ran a little bit ago:
09 June 2012 22:51 653,944
16 June 2013 22:31 664,116
10172 blocks in last week
1453 blocks per day average
945600 block of next PIR change
281484 blocks until PIR change
193.7 approx days until change...which means we'll be seeing/expecting a change Late December this year.
Wanted to give you all a heads up!
Snappy here subbing in: So, we ran some calculations on the PIR change, and it appears the date of change will be later this year (not the end of this month).
Here's why:
The PIR phase (i.e. which 'year' applies) is based on the block height.
It assumes a rate of 1 block per minute for a year (365*24*60 = 525,600 blocks between rate changes)
Phase 1 start block height 420,000 (when POS started)
Phase 2 start block height 945,600
Phase 3 start block height 1,471,200
The year 2 changeover will be later than expected due to a few months of very...and we mean very slow blocks due to a bug in the staking diff function that has since been fixed and released (these were the updates a while back).
Some Recent block height samples (approx a week apart) that we ran a little bit ago:
09 June 2012 22:51 653,944
16 June 2013 22:31 664,116
10172 blocks in last week
1453 blocks per day average
945600 block of next PIR change
281484 blocks until PIR change
193.7 approx days until change...which means we'll be seeing/expecting a change Late December this year.
Wanted to give you all a heads up!
You need to update the front of the page bro...new people coming in may think they the stage rates have already changed...
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