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Topic: [ANN] WaltonChain WTC - page 22. (Read 151027 times)

full member
Activity: 686
Merit: 100
April 30, 2018, 12:49:02 PM
Looks like for the main net, WTC will be employiong ASICs to secure their network? I'm assuming they are working with BitMain or some other major ASIC manufacturer?
I don't think so... As far as I understand, mining is very profitable for nvidia gpu's. There might be lots of cpu mining too.
full member
Activity: 378
Merit: 102
April 30, 2018, 09:21:44 AM
Looks like for the main net, WTC will be employiong ASICs to secure their network? I'm assuming they are working with BitMain or some other major ASIC manufacturer?
sr. member
Activity: 621
Merit: 250
April 30, 2018, 08:03:28 AM
Walton is good to start. It’s a solid project with a lot of fundamental partnerships and technology.
sr. member
Activity: 504
Merit: 250
April 30, 2018, 07:52:57 AM
WTC has many partnerships with some companies and businesses, some pertaining closer to the medical field
sr. member
Activity: 406
Merit: 250
April 30, 2018, 07:18:52 AM
I want the WTC to be less speculative and more based on adoption/use. So the only thing you can contribute to this, is by supporting news and not rumours.
legendary
Activity: 1218
Merit: 1001
April 30, 2018, 06:59:47 AM
i always understand walton chain is aiming big , but it seems that what ever i define big they go even much bigger
newbie
Activity: 65
Merit: 0
April 30, 2018, 12:56:25 AM
anybody can tell me how to mine with gpu without using the wallet Smiley

thx
newbie
Activity: 7
Merit: 0
April 29, 2018, 10:37:54 PM

I'm interested in this, but how do we know that this specific file is legit?
newbie
Activity: 3
Merit: 0
newbie
Activity: 25
Merit: 0
April 29, 2018, 10:54:39 AM
Your team are hard working and the future will show the result  Smiley
newbie
Activity: 7
Merit: 0
April 29, 2018, 03:55:54 AM
The WTC project team has a lot of money in its hands, but at the moment it seems a bit lost. There is a need for a qualitative breakthrough.

My personal opinion on the communication of the project is that there is a bigger picture that we're not seeing and the Chinese govt is trying to keep things quiet until everything is in place.

Here is a great write up that puts the project into perspective

 https://medium.com/@thelatemercutio/waltonchains-bigger-picture-obor-b02ae47826d5
member
Activity: 210
Merit: 11
April 29, 2018, 02:50:31 AM
The WTC project team has a lot of money in its hands, but at the moment it seems a bit lost. There is a need for a qualitative breakthrough.
newbie
Activity: 7
Merit: 0
April 28, 2018, 07:28:48 PM
Are there any mining pools or solo only?

Hey YourMom420,

My name is Greg and I'm a GMN holder and have just started a mining pool. There was a post about how this would work on reddit, as there is no sure fire way to make it truly "trustless" at the moment. However, here is a system that I believe is as close as you can get to being trustless. Feel free to let me know what you think, and direct message me if you're interested and we can go from there.

PRE-Token Swap: I will be paying 3 WTC for every WTCT block mined to the WTCT address:0xa2bc21f35c7beccef2a86273e77680a8811d24e1 Note: I am paying real WTC not the WTCT, as WTCT is not worth anything

POST-Token Swap: The swap will most likely take place in 20-60 days. The pay rate per block I will be paying has not yet been determined but would be in the range of 2.5 to 2.9 WTC per WTC block mined. I will work with miners to determine a rate that is worthwhile and I will communicate more when that time comes closer.

Proof of Payment: I will be paying from the following address roughly every 24 hours (to reduce risk, see risk mitigation for more) or within 24 hours after a request and you can track that all payments per block on the WTCT address are accounted and paid: https://etherscan.io/address/0x086833f7a48eca35a3d7125a48ca3c52f4554af7

Unaccounted for blocks will be distributed to miners based on each user's percent of total mined blocks. I expect all blocks to be accounted for as there is no reason a miner wouldn't want to get their 3WTC payout but in the event that there is some left this is how I will deal with it. Example: if you mine 10 blocks of 80 total blocks on the account and there are 3 blocks (9WTC) unaccounted for at the end of token swap. You will get 10/80*9 = 1.125 WTC.

Handling Conflicts: Until a more robust system is developed to automatically track what users mined which blocks and pay them. I will request that each miner submit to me a list of blocks that they mined this is shown on their Command Line Interface (CLI)/CMD. I will have a 24 hour delay in payments from the time the block list was submitted to me, this will provide a buffer to see if anyone else is claiming the same mined block. If there are any disputed blocks, I will contact both parties and request screenshots or any other proof that they did indeed mine the block in question. I will review the evidence and see if I can make a reasonable determination to who mined it. If I am not 100% certain I will submit the evidence to the mining community and have them determine who should receive the funds. Anyone attempting to cheat the system will be asked to not mine any further blocks. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block.

Reasonable Risk Mitigation: There is some level of risk with any mining group that is not autonomous, I would like to outline the risks and provide reasonable level of support for why you shouldn't worry. Risk 1: You mine your first block and notify me and I just don't pay. Answer: As a miner that didn't get paid for your work you would obviously leave, and you are out the ~$17 your block was worth and you move on. I would gain the $17 and then lose out on the 1 wtc per block I would get from you in the future, my current miner has mined 8 blocks so that's 8 wtc I have made from him vs the 2 wtc I could have stolen. So even in a few days of losing a miner I would lose out on huge amounts of profit if I ever cheated any of those mining. After you have mined 2 blocks and I pay, the risk is not really there anymore as you have already earned the 2 extra WTC you wouldn't have had to begin with if you mined solo. Risk 2: You mine your block report it and someone else claims the same block. Answer: see (Handling Conflicts) but it is in my best interest to reward the honest miners and get rid of anyone lying. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block. And neither of you would be out any other then the bonus +1 WTC reward If there are any other risks I haven't thought of please let me know and I will address them.

Here's some more proof if you're inclined https://i.imgur.com/k0kHuWZ.png https://i.imgur.com/Mvafk5N.png

Greg, aka GrapheneCapital, is true to his word. I just received 12 WTC for four blocks I mined for the pool.

Thanks weyhey! If anyone else would like to mine to our pool, please feel free to contact me at [email protected] or @t1crypto on telegram!
newbie
Activity: 5
Merit: 0
April 28, 2018, 06:43:55 PM
Are there any mining pools or solo only?

Hey YourMom420,

My name is Greg and I'm a GMN holder and have just started a mining pool. There was a post about how this would work on reddit, as there is no sure fire way to make it truly "trustless" at the moment. However, here is a system that I believe is as close as you can get to being trustless. Feel free to let me know what you think, and direct message me if you're interested and we can go from there.

PRE-Token Swap: I will be paying 3 WTC for every WTCT block mined to the WTCT address:0xa2bc21f35c7beccef2a86273e77680a8811d24e1 Note: I am paying real WTC not the WTCT, as WTCT is not worth anything

POST-Token Swap: The swap will most likely take place in 20-60 days. The pay rate per block I will be paying has not yet been determined but would be in the range of 2.5 to 2.9 WTC per WTC block mined. I will work with miners to determine a rate that is worthwhile and I will communicate more when that time comes closer.

Proof of Payment: I will be paying from the following address roughly every 24 hours (to reduce risk, see risk mitigation for more) or within 24 hours after a request and you can track that all payments per block on the WTCT address are accounted and paid: https://etherscan.io/address/0x086833f7a48eca35a3d7125a48ca3c52f4554af7

Unaccounted for blocks will be distributed to miners based on each user's percent of total mined blocks. I expect all blocks to be accounted for as there is no reason a miner wouldn't want to get their 3WTC payout but in the event that there is some left this is how I will deal with it. Example: if you mine 10 blocks of 80 total blocks on the account and there are 3 blocks (9WTC) unaccounted for at the end of token swap. You will get 10/80*9 = 1.125 WTC.

Handling Conflicts: Until a more robust system is developed to automatically track what users mined which blocks and pay them. I will request that each miner submit to me a list of blocks that they mined this is shown on their Command Line Interface (CLI)/CMD. I will have a 24 hour delay in payments from the time the block list was submitted to me, this will provide a buffer to see if anyone else is claiming the same mined block. If there are any disputed blocks, I will contact both parties and request screenshots or any other proof that they did indeed mine the block in question. I will review the evidence and see if I can make a reasonable determination to who mined it. If I am not 100% certain I will submit the evidence to the mining community and have them determine who should receive the funds. Anyone attempting to cheat the system will be asked to not mine any further blocks. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block.

Reasonable Risk Mitigation: There is some level of risk with any mining group that is not autonomous, I would like to outline the risks and provide reasonable level of support for why you shouldn't worry. Risk 1: You mine your first block and notify me and I just don't pay. Answer: As a miner that didn't get paid for your work you would obviously leave, and you are out the ~$17 your block was worth and you move on. I would gain the $17 and then lose out on the 1 wtc per block I would get from you in the future, my current miner has mined 8 blocks so that's 8 wtc I have made from him vs the 2 wtc I could have stolen. So even in a few days of losing a miner I would lose out on huge amounts of profit if I ever cheated any of those mining. After you have mined 2 blocks and I pay, the risk is not really there anymore as you have already earned the 2 extra WTC you wouldn't have had to begin with if you mined solo. Risk 2: You mine your block report it and someone else claims the same block. Answer: see (Handling Conflicts) but it is in my best interest to reward the honest miners and get rid of anyone lying. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block. And neither of you would be out any other then the bonus +1 WTC reward If there are any other risks I haven't thought of please let me know and I will address them.

Here's some more proof if you're inclined https://i.imgur.com/k0kHuWZ.png https://i.imgur.com/Mvafk5N.png

Greg, aka GrapheneCapital, is true to his word. I just received 12 WTC for four blocks I mined for the pool.
newbie
Activity: 5
Merit: 0
April 28, 2018, 04:54:09 PM
Are there any mining pools or solo only?

So did you get your coins? A feedback can help both owner of service and people who want to join this service.

Not yet as I have no mechanism to contact Greg unless a Full Member messages him

Weyhey27,

First and foremost, I'd like to sincerely apologize for the lack of communication up until now. I take full responsibility for this and understand in your frustration in the lack of communication.
Although Bitcointalk is an amazing forum for people to come together, embarrassingly I have never used the site. When I posted, I had assumed replies would either be sent to my messages here or to my email, and when I didn't get either one I figured no one had decided to help us mine. I have just received a message from a mod (Thank you Serhanni for letting me know!), as apparently replies aren't automatically set up to be received.

That being said, please reach out to my e-mail at [email protected] or message me @t1crypto on telegram with the pictures so that I can process your mined blocks immediately

Again Jason, of behalf of our pool, I'd sincerely like to apologize and hope that if you decide to keep mining with us, know that communication will be completely fluid from this point on.

I am glad to hear communication problem solved since both of your status newbie. When he gives positive feedback, I'm sure you will find more members to join your pool.

Thank you Serhanni for communicating the post back to Greg aka GrapheneCapital.

Greg,
the delay in communication is quite understandable, since neither of our accounts were set up to receive messages from Newbies.
I have mined blocks 36846, 37212, 37618 and 37706 for your GMN wallet pool. There is no need for me to send pictures, as I had my miner name stamp the blocks it successfully mines. As such my miner "JPH_1006" namestamp is inserted as extraData into each of these mined blocks at time of mining.

"JPH_1006" in hex is "0x4a50485f31303036" (see www.rapidtables.com for translation).

To see the extraData of a block use the command line interface of walton executable, briefly stop mining >>miner.stop() for convenience and then enter command (here I include 37706 as the block of interest).

eth.getBlock(37706)

This is the output:

{
  difficulty: 148132472179,
  extraData: "0x4a50485f31303036",
  gasLimit: 4712388,
  gasUsed: 0,
  hash: "0x33af89f07e79099b684173bb3709126f5dc76445c2779d3d08d821bb4b86c09a",
  logsBloom: "0x00000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000",
  miner: "0xa2bc21f35c7beccef2a86273e77680a8811d24e1",
  mixHash: "0x0000000000000000000000000000000000000000000000000000000000000000",
  nonce: "0x1957fbbefbb034f5",
  number: 37706,
  parentHash: "0x36ae3ada7f9491a8f30ac23807b5efc064213baf9dbb245ede432302727e4a58",
  receiptsRoot: "0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421",
  sha3Uncles: "0x1dcc4de8dec75d7aab85b567b6ccd41ad312451b948a7413f0a142fd40d49347",
  size: 536,
  stateRoot: "0x254551ad802692e4397b2c6ce1f817a863867fcc2a7bd5fe49d519387277e00f",
  timestamp: 1524614343,
  totalDifficulty: 2311973676200007,
  transactions: [],
  transactionsRoot: "0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421",
  uncles: []
}

The same extraData name stamp is included in all the blocks I mined.

Thank you Jason
full member
Activity: 686
Merit: 100
April 28, 2018, 02:44:40 PM
Are there any mining pools or solo only?

So did you get your coins? A feedback can help both owner of service and people who want to join this service.

Not yet as I have no mechanism to contact Greg unless a Full Member messages him

Weyhey27,

First and foremost, I'd like to sincerely apologize for the lack of communication up until now. I take full responsibility for this and understand in your frustration in the lack of communication.
Although Bitcointalk is an amazing forum for people to come together, embarrassingly I have never used the site. When I posted, I had assumed replies would either be sent to my messages here or to my email, and when I didn't get either one I figured no one had decided to help us mine. I have just received a message from a mod (Thank you Serhanni for letting me know!), as apparently replies aren't automatically set up to be received.

That being said, please reach out to my e-mail at [email protected] or message me @t1crypto on telegram with the pictures so that I can process your mined blocks immediately

Again Jason, of behalf of our pool, I'd sincerely like to apologize and hope that if you decide to keep mining with us, know that communication will be completely fluid from this point on.

I am glad to hear communication problem solved since both of your status newbie. When he gives positive feedback, I'm sure you will find more members to join your pool.
newbie
Activity: 168
Merit: 0
April 28, 2018, 11:47:41 AM
Add "Walton Coin" to TOP Masternodes https://l2rx.com

Your coin: "# 248 Walton Coin" https://l2rx.com/add.php
newbie
Activity: 7
Merit: 0
April 28, 2018, 10:22:55 AM
Are there any mining pools or solo only?

So did you get your coins? A feedback can help both owner of service and people who want to join this service.

Not yet as I have no mechanism to contact Greg unless a Full Member messages him

Weyhey27,

First and foremost, I'd like to sincerely apologize for the lack of communication up until now. I take full responsibility for this and understand in your frustration in the lack of communication.
Although Bitcointalk is an amazing forum for people to come together, embarrassingly I have never used the site. When I posted, I had assumed replies would either be sent to my messages here or to my email, and when I didn't get either one I figured no one had decided to help us mine. I have just received a message from a mod (Thank you Serhanni for letting me know!), as apparently replies aren't automatically set up to be received.

That being said, please reach out to my e-mail at [email protected] or message me @t1crypto on telegram with the pictures so that I can process your mined blocks immediately

Again Jason, of behalf of our pool, I'd sincerely like to apologize and hope that if you decide to keep mining with us, know that communication will be completely fluid from this point on.
sr. member
Activity: 630
Merit: 253
April 28, 2018, 09:04:52 AM
From the last few days i have bought waltonchain i discover that wtc can recover quickly from small dip unlike other tokens, beside this, the dev team members are very focus on making this project great and widely adopted by many.
My deepest regret is not been part of this great project from the initial when price was still very cheap, i still consider myself early investor by the time wtc is at $100  Wink
If wtc can actually seal a deal with H&M that will be freeky awesome.
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