[ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 44.

Quote from: surfguy72 on July 18, 2014, 12:52:32 PM

I transferred over 240K+ from mintpal to my wallet yesterday.

Other 600000 to the wallet.
Now go up when the market it sees fit.
No rush to WC and I'm sick of scam coins.

mintpal reserves dropping, shows a lot of long term confidence, people are staking instead of selling Grin

Where can one find this? or has it been kept manually?

that was just a chart i created for my own analysis, but similar charts are available on whitecoin distribution list - for example bottom chart for mintpal from
http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt

mintpal finally dropped below 30m, thats less than 10% of all whitecoins available for sale, rest is happily staking in people's wallets Grin

and ignoring fudders who have less and less coins, in fact i know of at least one who had to withdraw most of his coins from a wallet because people took away the coins he kept on exchange for manipulations, and his whitecoin supply is now down by at least 50% Grin

Soon maybe he will have no more WC to do this with... just keep taking and staking!

I had some old data saved...

On 5/13 Mintpal had 58141156.52 WC

Glad to see the long road has lead to true adoption by members. I agree, it doesn't seem long for the cheap coin days to be over.

Roughly a 55% decrease in available WC Grin

just took another 150k out and heading to my wallet Cheesy

CryptoSEO

full member

Activity: 182

Merit: 100

Quote from: pboc on July 20, 2014, 09:21:03 PM

Quote from: surfguy72 on July 21, 2014, 09:42:27 AM

Hello,

This is my very first coin purchase and although I now realize I may have paid too much lol, I wanted to stake because it seems that is the thing to do to get additional coins and then when value goes up, I will have more. I have Windows wallet download now and syncing with network and says 12 active connections. Is my PC doing some type of mining with 12 connections? I will be hones, I know almost nothing about crypto or mining and has been a victory for me to even get money into the exchange to buy coin and transfer to my wallet. I have done a lot of reading on past post, so hopefully this is not a redundant question as I did not here it before now.

All the best!

pete

imo at this level its pretty much a steal, this is easy 10x long term ROI when you take long term plans and future development into consideration

there's lot of good information about staking at http://whitecoin.info/news/faqs/
there's no mining, instead you are rewarded for your loyalty to the coin, exactly as banks rewards you with interest for the money you keep with them with your account.
so while you keep coins in your wallet, they will "stake" (minting process) and you are rewarded with "interest"

Thanks!

Yes I did read through the FAQ, but it doesn't talk about the Active Connections to Whitecoin Network so I was just curious what those connections do. Are those all my connects or are those the other people staking coins?

Active Connections are p2p links to other wallets - this is how transactions are communicated across the network. If you send or receive coins, you get/send transaction data to/from your peered connections. New blocks are communicated via p2p as well. It's all decentralized, and by running the wallet, you are part of that distributed network.

Ah, like a torrent. Got it. So there are only 12 peers right now?

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

I have big and small transactions, with many new transactions coming in daily which makes things fun.

Personally I like nice sized transactions as my core holdings, then add mid and smaller amounts daily

Some people are of the opinion that multiple transactions may yield more frequent results however the big transaction(s) will split over time and stake independent transactions (in what interval, I am not sure, never monitored this piece).

CryptoSEO

full member

Activity: 182

Merit: 100

Quote from: CryptoSEO on July 20, 2014, 04:05:45 PM

Quote from: surfguy72 on July 18, 2014, 12:52:32 PM

Quote from: WhiteNotWright on July 21, 2014, 10:07:54 PM

I transferred over 240K+ from mintpal to my wallet yesterday.

Other 600000 to the wallet.
Now go up when the market it sees fit.
No rush to WC and I'm sick of scam coins.

mintpal reserves dropping, shows a lot of long term confidence, people are staking instead of selling Grin

Where can one find this? or has it been kept manually?

that was just a chart i created for my own analysis, but similar charts are available on whitecoin distribution list - for example bottom chart for mintpal from
http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt

mintpal finally dropped below 30m, thats less than 10% of all whitecoins available for sale, rest is happily staking in people's wallets Grin

and ignoring fudders who have less and less coins, in fact i know of at least one who had to withdraw most of his coins from a wallet because people took away the coins he kept on exchange for manipulations, and his whitecoin supply is now down by at least 50% Grin

Soon maybe he will have no more WC to do this with... just keep taking and staking!

I had some old data saved...

On 5/13 Mintpal had 58141156.52 WC

Glad to see the long road has lead to true adoption by members. I agree, it doesn't seem long for the cheap coin days to be over.

Roughly a 55% decrease in available WC Grin

(edit: based upon the now available 26M - http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt)

blitzkitten

sr. member

Activity: 483

Merit: 250

some ideas for marketing Grin

(you can do all kind of stuff, t-shirts, tank tops, shorts, pants, underwear,
phone/tablet cases, bottles/mugs, backpacks, caps, scarfs, bandanas, buttons, etc)

tried using original logo but its unprintable (needs basic vector shapes)
so this is just an approximation of logo design using basic shapes

there are probably companies capable of printing full color photo quality
but i dont know any Sad

That is a clean and simple representation of the logo. In fact I would almost go so far in saying it should be used as the logo on all exchanges and applications whilst the winning original should be reserved for all print ads that demand a greater splash. Nice job!

yeah it has really good symbol qualities, easily identified, clear and memorable

WhiteNotWright

full member

Activity: 196

Merit: 100

Fibre Knight

Quote from: WhiteNotWright on July 21, 2014, 10:01:08 PM

some ideas for marketing Grin

(you can do all kind of stuff, t-shirts, tank tops, shorts, pants, underwear,
phone/tablet cases, bottles/mugs, backpacks, caps, scarfs, bandanas, buttons, etc)

tried using original logo but its unprintable (needs basic vector shapes)
so this is just an approximation of logo design using basic shapes

there are probably companies capable of printing full color photo quality
but i dont know any Sad

That is a clean and simple representation of the logo. In fact I would almost go so far in saying it should be used as the logo on all exchanges and applications whilst the winning original should be reserved for all print ads that demand a greater splash. Nice job!

blitzkitten

sr. member

Activity: 483

Merit: 250

Who needs ATM's...

http://www.pricegrabber.com/appliances/clothes-dryers++whirlpool-heavy-duty-series-cgm2743bq-white-coin-operated-gas-dryer-7-/m-1221065028/

lol comedy gold!

WhiteNotWright

full member

Activity: 196

Merit: 100

Fibre Knight

Who needs ATM's...

http://www.pricegrabber.com/appliances/clothes-dryers++whirlpool-heavy-duty-series-cgm2743bq-white-coin-operated-gas-dryer-7-/m-1221065028/

surfguy72

hero member

Activity: 672

Merit: 500

Quote from: surfguy72 on July 21, 2014, 09:42:27 AM

some ideas for marketing Grin

(you can do all kind of stuff, t-shirts, tank tops, shorts, pants, underwear,
phone/tablet cases, bottles/mugs, backpacks, caps, scarfs, bandanas, buttons, etc)

tried using original logo but its unprintable (needs basic vector shapes)
so this is just an approximation of logo design using basic shapes

there are probably companies capable of printing full color photo quality
but i dont know any Sad

Hey that's pretty sweet! That's a great extrapolation from the logo concept we've been using.

WhiteNotWright

full member

Activity: 196

Merit: 100

Fibre Knight

When does the "Big News" come out?

CryptoSEO

full member

Activity: 182

Merit: 100

Quote from: CryptoSEO on July 20, 2014, 04:05:45 PM

Quote from: surfguy72 on July 18, 2014, 12:52:32 PM

Quote from: Jugglex on July 21, 2014, 02:10:08 PM

I transferred over 240K+ from mintpal to my wallet yesterday.

Other 600000 to the wallet.
Now go up when the market it sees fit.
No rush to WC and I'm sick of scam coins.

mintpal reserves dropping, shows a lot of long term confidence, people are staking instead of selling Grin

Where can one find this? or has it been kept manually?

that was just a chart i created for my own analysis, but similar charts are available on whitecoin distribution list - for example bottom chart for mintpal from
http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt

mintpal finally dropped below 30m, thats less than 10% of all whitecoins available for sale, rest is happily staking in people's wallets Grin

and ignoring fudders who have less and less coins, in fact i know of at least one who had to withdraw most of his coins from a wallet because people took away the coins he kept on exchange for manipulations, and his whitecoin supply is now down by at least 50% Grin

Soon maybe he will have no more WC to do this with... just keep taking and staking!

I had some old data saved...

On 5/13 Mintpal had 58141156.52 WC

Glad to see the long road has lead to true adoption by members. I agree, it doesn't seem long for the cheap coin days to be over.

Less than 27M now available Wink

http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt

surfguy72

hero member

Activity: 672

Merit: 500

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

i've got 63 connections currently

there is command line option you can try
-maxconnections= Maintain at most connections to peers (default: 125)

but there might be also limits imposed by operating system (tcpip stack, fairly low numbers for windows if i remember correctly, between 10-100 depending on version. you can patch it to more, but thats recommended only if you know what you're doing Grin

)

Hi all, I am also a new WC investor, I don't know about mining or staking so I am learning with WC. I appreciate all that you can teach us.
I choose WC because it is transparent with the fundation and the many plans for the future and that is possible just with a great community and I am sure WC it has.
I have my wallet fully but if in August is still cheap I will buy a couple millions more Grin

I will no post again but I will be here reading your posts.
Best Regards

Thanks for popping in Juggex. Whitecoin.info has a growing FAQ section. If there's something not there that would be helpful, let me know, and we'll be sure to get it added.

Jugglex

member

Activity: 77

Merit: 10

Quote from: CryptoSEO on July 19, 2014, 02:55:57 PM

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

i've got 63 connections currently

there is command line option you can try
-maxconnections= Maintain at most connections to peers (default: 125)

but there might be also limits imposed by operating system (tcpip stack, fairly low numbers for windows if i remember correctly, between 10-100 depending on version. you can patch it to more, but thats recommended only if you know what you're doing Grin

)

Hi all, I am also a new WC investor, I don't know about mining or staking so I am learning with WC. I appreciate all that you can teach us.
I choose WC because it is transparent with the fundation and the many plans for the future and that is possible just with a great community and I am sure WC it has.
I have my wallet fully but if in August is still cheap I will buy a couple millions more Grin

I will no post again but I will be here reading your posts.
Best Regards

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: CryptoSEO on July 19, 2014, 12:12:21 PM

Quote from: cryptohunter on July 19, 2014, 09:52:55 AM

Quote from: jarnold on July 18, 2014, 04:25:17 PM

Quote from: mogonzo on July 17, 2014, 03:43:09 PM

Special Announcement from The WhiteCoin Foundation

We are pleased to announce the appointment of a new and highly qualified member to the WhiteCoin Foundation Operations Team, Vice President Jason Arnold.

Jason brings 14 years of experience and expertise of business development, new product development, technical design, fundraising, sales, and management to our team. Jason has successfully created, managed, and deployed companies from concept to commercializationm specializing in the successful funding, planning, and marketing of products at all stages of a product’s life cycle.

Jason will be bringing his full passion to the logistics, business development, and partnership/investor outreach areas of our operation.
Some of Jason’s very notable achievements:

Successfully contributed to the fundraising of $5M+ USD for RoomLiX & ultimately achieving an RTO for which the company is still publicly trading today
Contributed to the development of the Session Initiating Protocol now used by all major VoIP Devices
Build & Co Designed VoIP Terminal adapters & software – deployed and managed by leading International VoIP Providers
Designed, built, managed and deployed International VoIP & Wireless ISP Networks to hotels, convention centers, amusement parks and open air locations internationally.

Jason is currently the COO of Shair.com, Allegretto Publishing, DandyID, Claim.io, Social Exhange, and My Article Express. He also holds Canadian not for profit positions such as the Director of Government Funding for Taekwondo BC & President of the SCCC, both located in beautiful British Columbia. With his wealth of experience, Jason brings invaluable knowledge to the table as it relates to NPO funding opportunities for the WhiteCoin Foundation.

A comment from Jason:

I am truly honored to have been asked to take this role by The WhiteCoin Foundation. I am excited and thrilled that we hold common goals and political alignments around many key areas, such as net neutrality, community building, and most recently Bill C-31. There are many cryptocurrencies on the market today but with the dedication, drive, community, and commitment of WhiteCoin and The WhiteCoin Foundation, not only did I accept, I personally and professionally invested in WhiteCoin for the longterm (yes, I am staking!). I look forward to assisting the community in the shaping of Whitecoin as me move forward through the changing landscape of such a young coin and industry.

Thank you to The WhiteCoin Foundation and all of the WhiteCoin community for such a warm welcome!

First let me say that I am not much of a forum guy but wanted to stop in here to say hi as I understand that this is currently a central place for many WhiteCoin members to voice opinions, share ideas and discuss various directions that WhiteCoin may take! I will do my best to come here and share information as I can but moving forward my main form of communication will be providing updates through our main website (whitecoin.info), twitter, our corporate properties/social media accounts and other social media outlets.

I hope the above information from Chris provides everyone with information as to whom I am, my background and more information about our group of companies, online properties and investor groups all which are here to help support, grow and advance WhiteCoin through innovative developments that have a focus towards real world business and merchant applications, supporting Net Neutrality in addition to growing the strength of The WhiteCoin Foundation here in Canada. We are super excited to be involved in such a great community, organization and a currency that we believe has a bright future!

I have been keeping abreast of the many discussions regarding Anon, Privacy etc. and over the coming days I would like to put forward some of our corporate initiatives that we will be developing and some considerations for the community to consider as it relates to developments, which could help catapult WhiteCoin to the next level. Some of these developments involve Privacy others involve rewarding the WhiteCoin community whilst other yet will focus on increasing wallet functionality, Social Media and advancement of the WhiteCoin Network functionality, focusing on the future as opposed to "hype" related features/functions.

Shair.com has vested into WhiteCoin (and will continue to do so), our currently vested WC will remain in our Wallet and be used in a number of ways such as:

- Bounties for New and Innovative Technical Developments
- Joint Development Funding Opportunities with The WhiteCoin Foundation
- Distribution/sales/access to WhiteCoin for "non crypto enthusiasts (main stream consumers)"
- Investment Holdings - Long Term
- Integration & Use into many of our online properties (example would be CryptoCopyright as a starting point)
- just to name a few...

To this end, I am very excited for the times ahead, we are only at the beginning of great things to come and I look forward to serving the WhiteCoin Community through my new role as your VP of The WhiteCoin Foundation!

Best Regards,

Jason Arnold
VP - The WhiteCoin Foundation
COO - Shair.com

Twitter: https://twitter.com/jasonarnold_com

Great news

Welcome aboard.

I really like the WC community. I find it much more open minded and far more progressive than many other coins. I am sorry Mindfox does not seem to approve of the companion coin with WC only IPO. I am happy though very much so to see him back posting on this thread. The one thing we do need is confidence in the coin and having one of the best know developers showing interest in our community is a good thing.

The main thing the companion coin seemed to solve was the funding issue. However if there could be a way for real donations to be rewarded somehow so that people actually did donate and we could get a pot of perhaps 10-20M for development incentive set up that would be great. Also some real ROI investment opportunities would be great.

I know non coders such as myself say things like "hey let's make a p2p exchange built inside the wallet" without realising the huge implications or actually impossibility of it. However what kind of things can be done with enough funding? Would a development team be willing to do such a feat for a large % of the total minting i mean success could guarantee their financial freedoms for a very long time.

How about a WC games arcade with credits purchased in WC and winning paid out in WC .... commission taken for running the site distributed to ROI investors etc. I have suggested the same to a few coins but really i think ROI projects are key.

Excellent!

Yes non coders don't realize the implications or possibility but its awesome to spur ideas and generate solutions - you never know, something could be easier than we think sometimes and unless we discuss the options, we never know!

Really like the funding aspect, I have caught wind that something with this similar concept (ROI project for funding) is in the planning stages with our partners.

EDIT + Mindfox is the CTO of WCF so I think he is not just showing interest, he is committed!!!

Announcement by WCF about Shair.com up coming development(s)

Here is the original post for those of us who don't click links originally posted here - http://whitecoin.info/news/shair-com-hints-coming-announcement/:

For one of our initial developments (in conjunction with supporting funding for development for the WCF), we have identified a solution that we believe benefits not only the Community but WCF and Shair.com’s plans to support current and future development funding in addition to mainstream entry points into Whitecoin.

The main points of the initial service will focus upon the following key items:

- Reward Savings
- Generate WC Funding for The WCF Development Fund
- Stepping stone to introduce WC to "non-crypto enthusiasts"
- Expansion of reach and marketing PR for Whitecoin

We are in the process of finalizing the framework and we look forward to shairing with you what we believe to be a 1st in the crypto marketplace - its innovative & sexy, not to mention that we will be supporting this project with up to 5M WC (this will NOT enter the market for sale). This amount (5M WC) will be above and beyond our development expenditures required for the successful implementation of the 1st phase of a much bigger long-term project.

As we move closer to the launch, we will shair with you more news on how it will benefit those who decide to participate.

Best Regards,
~ Jason Arnold
VP - The Whitecoin Foundation

Everytime i check the thread there are further interesting announcements. I keep stacking a few more WC weekly.

surfguy72

hero member

Activity: 672

Merit: 500

Quote from: CryptoSEO on July 20, 2014, 04:05:45 PM

Quote from: surfguy72 on July 18, 2014, 12:52:32 PM

I transferred over 240K+ from mintpal to my wallet yesterday.

Other 600000 to the wallet.
Now go up when the market it sees fit.
No rush to WC and I'm sick of scam coins.

mintpal reserves dropping, shows a lot of long term confidence, people are staking instead of selling Grin

Where can one find this? or has it been kept manually?

that was just a chart i created for my own analysis, but similar charts are available on whitecoin distribution list - for example bottom chart for mintpal from
http://www.richlist.eu/whitecoin/stats/WeLcBbjP9L3VCe33V88ZjGVsbxAaiXWixt

mintpal finally dropped below 30m, thats less than 10% of all whitecoins available for sale, rest is happily staking in people's wallets Grin

and ignoring fudders who have less and less coins, in fact i know of at least one who had to withdraw most of his coins from a wallet because people took away the coins he kept on exchange for manipulations, and his whitecoin supply is now down by at least 50% Grin

Soon maybe he will have no more WC to do this with... just keep taking and staking!

I had some old data saved...

On 5/13 Mintpal had 58141156.52 WC

Glad to see the long road has lead to true adoption by members. I agree, it doesn't seem long for the cheap coin days to be over.

surfguy72

hero member

Activity: 672

Merit: 500

Quote from: blitzkitten on July 21, 2014, 12:25:06 AM

Hello,

This is my very first coin purchase and although I now realize I may have paid too much lol, I wanted to stake because it seems that is the thing to do to get additional coins and then when value goes up, I will have more. I have Windows wallet download now and syncing with network and says 12 active connections. Is my PC doing some type of mining with 12 connections? I will be hones, I know almost nothing about crypto or mining and has been a victory for me to even get money into the exchange to buy coin and transfer to my wallet. I have done a lot of reading on past post, so hopefully this is not a redundant question as I did not here it before now.

All the best!

pete

Hey Welcome Pete!

Glad you could find some answers. I havn't seen a question on connections before, so we got to make sure this loops back into the whitecoin.info FAQ's

pboc

newbie

Activity: 5

Merit: 0

Quote from: pboc on July 20, 2014, 09:21:03 PM

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

i've got 63 connections currently

there is command line option you can try
-maxconnections= Maintain at most connections to peers (default: 125)

but there might be also limits imposed by operating system (tcpip stack, fairly low numbers for windows if i remember correctly, between 10-100 depending on version. you can patch it to more, but thats recommended only if you know what you're doing Grin

)

also for transactions it depends on the exchange you're using, some have flat fees (I think most have a flat fee for withdrawls) but most exchange trading works on a percentage value of the transaction, so it really doesnt matter what size it is.

so if you're going to withdraw funds to put in your wallet to stake then it's probably best to buy at good prices and then transfer to your wallet when you have a sizeable amount

basically you'd pay more in transaction fees for multiple withdrawls to your wallet than you'd earn in staking while you collect, even if its over a week

OK thanks! This is all starting to make more sense.

minerjoen

hero member

Activity: 644

Merit: 500

Hello,

This is my very first coin purchase and although I now realize I may have paid too much lol, I wanted to stake because it seems that is the thing to do to get additional coins and then when value goes up, I will have more. I have Windows wallet download now and syncing with network and says 12 active connections. Is my PC doing some type of mining with 12 connections? I will be hones, I know almost nothing about crypto or mining and has been a victory for me to even get money into the exchange to buy coin and transfer to my wallet. I have done a lot of reading on past post, so hopefully this is not a redundant question as I did not here it before now.

All the best!

pete

imo at this level its pretty much a steal, this is easy 10x long term ROI when you take long term plans and future development into consideration

there's lot of good information about staking at http://whitecoin.info/news/faqs/
there's no mining, instead you are rewarded for your loyalty to the coin, exactly as banks rewards you with interest for the money you keep with them with your account.
so while you keep coins in your wallet, they will "stake" (minting process) and you are rewarded with "interest"

Thanks!

Yes I did read through the FAQ, but it doesn't talk about the Active Connections to Whitecoin Network so I was just curious what those connections do. Are those all my connects or are those the other people staking coins?

Active Connections are p2p links to other wallets - this is how transactions are communicated across the network. If you send or receive coins, you get/send transaction data to/from your peered connections. New blocks are communicated via p2p as well. It's all decentralized, and by running the wallet, you are part of that distributed network.

Ah, like a torrent. Got it. So there are only 12 peers right now?

Something like that, but in this case 1 peer is: piratebay.org, and not a home pc. Like my wallet got 8 connections now ( a other coin ) i'm sure more then 100 people got the wallet open.

Anyway example of stake: u have 10.000 coins in ur wallet, when the Proof of Work ( mining, so u let ur gpu or other hardware work for coins ) is over and the coin goes to Proof of Stake ( holding coins in ur wallet, and dont sell it ) u will get a sort of fee every hour/day/week/month ( depends on every coin how fast u get it ) for the coins u have in the wallet. So u got 10.000 coins, it can be u get 100 coins as a fee.

blitzkitten

sr. member

Activity: 483

Merit: 250

Quote from: pboc on July 20, 2014, 09:21:03 PM

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

i've got 63 connections currently

there is command line option you can try
-maxconnections= Maintain at most connections to peers (default: 125)

but there might be also limits imposed by operating system (tcpip stack, fairly low numbers for windows if i remember correctly, between 10-100 depending on version. you can patch it to more, but thats recommended only if you know what you're doing Grin

)

also for transactions it depends on the exchange you're using, some have flat fees (I think most have a flat fee for withdrawls) but most exchange trading works on a percentage value of the transaction, so it really doesnt matter what size it is.

so if you're going to withdraw funds to put in your wallet to stake then it's probably best to buy at good prices and then transfer to your wallet when you have a sizeable amount

basically you'd pay more in transaction fees for multiple withdrawls to your wallet than you'd earn in staking while you collect, even if its over a week

pboc

newbie

Activity: 5

Merit: 0

Hello,

This is my very first coin purchase and although I now realize I may have paid too much lol, I wanted to stake because it seems that is the thing to do to get additional coins and then when value goes up, I will have more. I have Windows wallet download now and syncing with network and says 12 active connections. Is my PC doing some type of mining with 12 connections? I will be hones, I know almost nothing about crypto or mining and has been a victory for me to even get money into the exchange to buy coin and transfer to my wallet. I have done a lot of reading on past post, so hopefully this is not a redundant question as I did not here it before now.

All the best!

pete

imo at this level its pretty much a steal, this is easy 10x long term ROI when you take long term plans and future development into consideration

there's lot of good information about staking at http://whitecoin.info/news/faqs/
there's no mining, instead you are rewarded for your loyalty to the coin, exactly as banks rewards you with interest for the money you keep with them with your account.
so while you keep coins in your wallet, they will "stake" (minting process) and you are rewarded with "interest"

Thanks!

Yes I did read through the FAQ, but it doesn't talk about the Active Connections to Whitecoin Network so I was just curious what those connections do. Are those all my connects or are those the other people staking coins?

Active Connections are p2p links to other wallets - this is how transactions are communicated across the network. If you send or receive coins, you get/send transaction data to/from your peered connections. New blocks are communicated via p2p as well. It's all decentralized, and by running the wallet, you are part of that distributed network.

Ah, like a torrent. Got it. So there are only 12 peers right now?

OK, disregard my last post as it turns out those are just tuned connections for the wallet from looking at the PPC coin this is based on looking through that forum. I did not see if there was a way to adjust those to reduce or increase the amount for better staking though. That would be nice to know. Also, still kinda looking at if it is better to send a bunch of little transactions or a few bigger ones. Did not see that in FAQ and just been reading different ideas on this so kinda confused. Thanks for some help it has been good and appreciated!

pboc

newbie

Activity: 5

Merit: 0